Open AccessCongestion Management and Transmission Line Loss Reduction using TCSC and Market Split Based
Publication year - 2019
Publication title -
international journal of innovative technology and exploring engineering
Language(s) - English
Resource type - Journals
ISSN - 2278-3075
DOI - 10.35940/ijitee.i1070.0789s19
Subject(s) - thyristor , electric power system , flexible ac transmission system , electric power transmission , computer science , congestion management , transmission system , transmission (telecommunications) , reduction (mathematics) , transmission line , power (physics) , compensation (psychology) , electricity market , control theory (sociology) , power flow , telecommunications , electricity , engineering , control (management) , electrical engineering , voltage , mathematics , psychology , physics , geometry , quantum mechanics , psychoanalysis , artificial intelligence
Due to increasing power demand in a deregulated power system, the stability of the power system may get affected and sometimes it may also cause congestion in the transmission lines of power networks. It is a major issue for a deregulated power system and its management provides a competition environment to different market players. In this paper, market split based approach is used to tackle the problem of congestion which split the system into zones. Locational Marginal Pricing (LMP) method is used to access the prices at different buses. The objective is to minimize the congestion effect. DC optimal power flow based system is used to solve such type of problem. TCSC (Thyristor-Controlled Series Compensation), FACTS (Flexible Alternating Current Transmission System) device is used to reduce the losses in a transmission system. Market splitting based approach is effective to manage the prices at different buses and system stability is increased by using TCSC. The whole work is carried out on IEEE 14 bus system.