Market analysis in a Restructured power system with TCSC by LMP calculation

In a transmission line, congestion is caused due to overloading of the line and is significant challenges in a deregulated power system. LMP is obtained by linear programming formulation, and GSF is discussed. This paper consists of detailed electricity market analysis of a deregulated power system during the base, N-1, N-2 contingency cases, with TCSC considering N-1, N-2 is discussed. Also, this article discusses the optimum location of TCSC and its parameters in different contingency cases using particle swarm optimization (PSO). This paper the presents the TCSC optimal location problem with maximization of benefits in addition to minimize the congestion cost. The techno-economic benefits of TCSC in the IEEE-14 bus system are also analyzed and discussed.