| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 399058 | International Journal of Electrical Power & Energy Systems | 2007 | 6 Pages |
Abstract
Equilibrium is the optimum operational condition for the power market by economics rule. A realistic spot power market cannot achieve the equilibrium condition due to network losses and congestions. The impact of the network losses and congestion on spot power market is analyzed in this paper in order to establish a new equilibrium model considering the network loss and transmission constraints. The OPF problem formulated according to the new equilibrium model is solved by means of the equal price principle. A case study on the IEEE-30-bus system is provided in order to prove the effectiveness of the proposed approach.
Keywords
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Physical Sciences and Engineering
Computer Science
Artificial Intelligence
Authors
Chengmin Wang, Chuanwen Jiang, Qiming Chen,