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Transmission of electricity across the systems creates an essential link between the producers and consumers of the deregulated power sector. Transmission charges signify a minor proportion of overall operational expenses in utilities in the open market and transmission pricing need to be a reasonable and cost effective pointer used by the energy market for decision making, system enlargement and reinforcement of the system. The wheeling cost can be decreased by reducing power loss via incorporating proper FACTS devices in the system. In this scenario, tracing the flow of electricity has been gaining much more importance and its solution helps in evaluating a fair and transparent tariff. In this article, an attempt has been made to introduce a new flow based Bialek’s tracing method to calculate the wheeling charge involving with optimal placement of recent FACTS devices of IPFC controller. The proposed approach has been tested on standard IEEE 30 bus system to prove the effectiveness of the proposed methodology. The simulation results are also compared with that of conventional method and with/without IPFC devices.

Performance Analysis of Wheeling Charges Determination Using Bialek’s Tracing Method Employing With IPFC Controller in Deregulated Environment