A novel modeling approach for exploring the effects of UPFC on restructured electricity market

M. R. Hesamzadeh, A. Abrishami, N. Hosseinzadeh, P. Wolfs

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Citations (Scopus)

Abstract

A new steady state modeling of unified power flow controller (UPFC) is proposed in this paper. Using this model, factors that affect the objective function of electricity market as a result of UPFC installation in power grid has been decomposed into four components, including line series impedance increase, shunt reactive power compensation, inphase component of series voltage and quadrature component of series voltage. A UPFC has been placed in different points of a test system and impact of each component on objective function of electricity market has been measured by simulation and compared with results from analytical method. Both active and reactive power spot prices are calculated and their relation with settings of UPFC series part has been studied. Also, numerical results shows that the necessary cost to improve security of electricity market decreases by UPFC installation.

Original languageEnglish
Title of host publication8th International Power Engineering Conference, IPEC 2007
Pages437-442
Number of pages6
Publication statusPublished - 2007
Event8th International Power Engineering Conference, IPEC 2007 - Singapore, Singapore
Duration: Dec 3 2007Dec 6 2007

Other

Other8th International Power Engineering Conference, IPEC 2007
CountrySingapore
CitySingapore
Period12/3/0712/6/07

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Keywords

  • LMP
  • Optimal power flow
  • Quadratic decomposition
  • Unified power flow controller

ASJC Scopus subject areas

  • Energy Engineering and Power Technology
  • Electrical and Electronic Engineering

Cite this

Hesamzadeh, M. R., Abrishami, A., Hosseinzadeh, N., & Wolfs, P. (2007). A novel modeling approach for exploring the effects of UPFC on restructured electricity market. In 8th International Power Engineering Conference, IPEC 2007 (pp. 437-442). [4510069]