Multi-objective congestion management incorporating voltage and transient stabilities

Congestion in a power system is turned up due to operating limits. To relieve congestion in a deregulated power market, the system operator pays to market participants considering their bids to alter their active powers. After relieving congestion, the network may be operated with a reduced voltage or transient stability margin because of hitting security limits or increasing the contribution of risky participants. The proposed multi-objective framework for congestion management in this paper simultaneously optimizes competing objective functions of congestion management cost, voltage security, and dynamic security. The voltage stability margin and corrected transient energy margin are employed as indices to be incorporated into the multi-objective congestion management. A fuzzy decision maker is proposed to derive the most efficient solution among Pareto-optimal solutions of multi-objective mathematical programming problem. Results of testing the proposed method on the New-England test system elaborate the efficiency of the proposed method.