The objective of an Optimal Power Flow (OPF) algorithm is to find steady state operation point which minimizes generation cost, loss etc. or maximizes social welfare, loadability etc. while maintaining an acceptable system performance in terms of limits on generators’ real and reactive powers, line flow limits, output of various compensating devices etc. Traditionally, classical optimization me...

Transformation of the monopolistic electric industry into a competitive and free market system is underscored by the wide price variation of electricity. To address price variation, the Federal Energy Regulatory Commission has proposed the development of fair competition in the wholesale power market as a first step toward full deregulation of the industry. This paper will discuss the steps tha...

Recent changes to the electric power industry through deregulation and restructuring have had a considerable effect on power engineering education internationally. A number of Australian universities have also noticed a decline in the number of students interested in power engineering subjects, leading to the fewer graduates with power engineering knowledge. With a reduction in graduates and a ...

the Flexible AC transmission system (FACTS) is a technology, which is based on power electronic devices, used to enhance the existing transmission capabilities in order to make the transmission system flexible and independent operation. The FACTS technology is a promising technology to achieve complete deregulation of Power System i.e. Generation, Transmission and Distribution as complete indiv...

Power system throughout the world is undergoing tremendous changes and developments due to rapid Restructuring, Deregulation and Open-access policies. Greater liberalization, larger market and increasing dependency on the electricity lead to the system operators to work on limited spinning reserve and to operate on vicinities to maximize the economy compromising on the reliability and security ...

Data exchange is very important in electrical and electronics engineering applications. The exchange needs to be reliable, error-free and adaptable to different types of software used in the related industries. In power community, IEEE common format, WSCC format, and PTI’s PCI format have been used extensibly to date with almost no problem for data exchange purposes. As the industry goes under ...

A primary aim of deregulation is to reduce the customer cost of electricity. In this paper, we examine the degree of success in reaching that goal using a variety of methods. We examine rates for each of four customer classes; for regulated, deregulated and publicly owned utilities; and for three definitions of deregulation. We control for a variety of factors which may independently affect dif...

This paper discusses the spread of electricity deregulation in OECD countries since the early 1990s. England, Wales and Norway were the pioneers, but almost all OECD countries have now introduced some degree of liberalisation, and several have free entry to generation while allowing all electricity consumers to choose where they buy their power. The paper discusses some of the issues raised by ...

Emerging technologies allowing two-way communication between utility companies and their customers, as well as with smart equipment, are changing the rules of the energy market. Deregulation makes it even more demanding for utility companies to create new business processes for mutual benefit. Dynamic load management of the power grid is essential to make better and more cost-effective use of e...