Abstract
This paper presents a framework to achieve an optimal power flow solution in a decentralized bilateral multitransaction-based market. An independent optimal dispatch solution has been used for each market. The interior point (IP)-based optimization technique has been used for finding a global economic optimal solution of the whole system. In this method, all the participants try to maximize their own profits with the help of system information announced by the operator. In the present work, a parallel algorithm has been used to find out a global optimum solution in decentralized market model. The study has been carried out on a modified IEEE-30 bus system. The results show that the suggested decentralized approach can provide a better optimal solution. The obtained results show the effectiveness of IP optimization-based optimal generator schedule and congestion management in the decentralized market.
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© 2013 by Walter de Gruyter Berlin / Boston
Articles in the same Issue
- Masthead
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- Research Article
- Synchrophasor-Assisted Prediction of Stability/Instability of a Power System
- Point of Connection Transmission Pricing in India
- Impedance seen by Distance Relays on Lines Fed from Fixed Speed Wind Turbines
- Optimal Rescheduling of Generators for Congestion Management and Benefit Maximization in a Decentralized Bilateral Multi-transactions Power Network
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- Use of Synchronized Phasor Measurements for Model Validation in ERCOT
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Articles in the same Issue
- Masthead
- Masthead
- Research Article
- Synchrophasor-Assisted Prediction of Stability/Instability of a Power System
- Point of Connection Transmission Pricing in India
- Impedance seen by Distance Relays on Lines Fed from Fixed Speed Wind Turbines
- Optimal Rescheduling of Generators for Congestion Management and Benefit Maximization in a Decentralized Bilateral Multi-transactions Power Network
- Single Stage Single Switch Power Supply (S4PS)Design for Low Power HB-LED Lighting
- A Decentralized Multivariable Robust Adaptive Voltage and Speed Regulator for Large-Scale Power Systems
- Power System Oscillation Modes Identifications: Guidelines for Applying TLS-ESPRIT Method
- Improving Power Quality in Low-Voltage Networks Containing Distributed Energy Resources
- Application of PMU-Based Information in the Indian Power System
- Use of Synchronized Phasor Measurements for Model Validation in ERCOT
- Robust Global Control Strategies for Improvement of Angular Stability using FACTS and HVDC Devices