Open AccessPerformance Comparison of Optimal Power Flow Algorithms for LMP Calculations of the Full Scale Korean Power System
Author(s) -
SungWoo Lee,
Wook Kim,
Balho H. Kim
Publication year - 2015
Publication title -
journal of electrical engineering and technology/journal of electrical engineering and technology
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.226
H-Index - 27
eISSN - 2093-7423
pISSN - 1975-0102
DOI - 10.5370/jeet.2015.10.1.109
Subject(s) - power flow , quadratic equation , backup , alternating current , power (physics) , ac power , mathematical optimization , quadratic model , electric power system , computer science , algorithm , voltage , mathematics , control theory (sociology) , engineering , electrical engineering , response surface methodology , statistics , physics , geometry , control (management) , quantum mechanics , database , artificial intelligence
This paper proposes the comparison results of various optimal power flow algorithms (OPF) to calculate the locational marginal prices (LMP) of the unreduced full scale Korean transmission system. Five different types of optimal power flow models are employed: Full AC OPF, Cubic AC OPF, Quadratic AC OPF, Linear AC OPF and DC OPF. As the results, full AC OPF and cubic AC OPF model provides LMP calculation results very similar to each other while the calculation time of cubic AC OPF model is faster than that of the Full AC OPF. Other simplified OPF models, quadratic AC OPF, linear AC OPF and DC OPF offer erroneous results even though the calculation times are much faster than the Full AC OPF and the Cubic AC OPF. Given the condition that the OPF models sometimes fail to find the optimal solution due to the severe complexity of the Korean transmission power system, the Full AC OPF should be used as the primary OPF model while the Cubic AC OPF can be a promising backup OPF model for the LMP calculations and/or real-time operation.