Power system engineers are currently facing challenges to increase the power transfer capabilities of existing transmission system. This is where the Flexible AC Transmission Systems (FACTS) technology comes into effect. With relatively low investment, compared to new transmission or generation facilities, the FACTS technology allows the industries to better utilize the existing transmission an...

In a deregulated electricity market such as the California WEPEX, spinning reserves must be explicitly identified as an ancillary service and priced. Additionally, scheduling coordinators who match suppliers and demands may either self-provide spinning reserves, or rely on the Independent System Operator (ISO) to provide reserves at the spot price. The deregulated market structure makes explici...

The development of artificial intelligence (AI) based techniques for electricity price forecasting (EPF) provides essential information to market participants and managers because its greater handling capability complex input output relationships. Therefore, this research investigates analyzes the performance different optimization methods in training phase neural network (ANN) adaptive neuro-f...

A renewable portfolio standard (RPS) is a policy instrument designed to increase production of clean energy technologies by mandating minimum market share for these technologies. However, the cost-effectiveness RPS in achieving its goal depends on structure, which impacts level competition market. Here, we analyze impact structure effectiveness calculating amount subsidies needed achieve mandat...

In this paper an application of a combined method for the profit based unit commitment problem (PBUC) using Genetic Algorithm and Lagrangian Relaxation (LR) is presented. The algorithm is proposed to solve PBUC under deregulated environment with the objective of maximizing GENCO’s profit and minimizing the operating cost. The problem formulation of the unit commitment takes into consideration t...

A deregulated electricity market provides open access to all players. In an open-access power market, the system operator is responsible for ensuring that contracted dispatched. However, if this results in line flows exceed their acceptable range, then it could threaten system’s security. Therefore, checks congestion as flow exceeds its limit. For management, applies different curtailment strat...

In a deregulated market, energy can be exchanged like commodity and the market agents including generators, distributors, end consumers trade independently settling price, volume, supply terms. Bilateral contracts (BCs) have been applied to hedge against price volatility in electricity spot market. This work introduces model find all solutions for equilibria implementing Raiffa–Kalai–Smorodinsk...

In a deregulated electricity market such as the California WEPEX, spinning reserves must be explicitly identified as an ancillary service and priced. Additionally, scheduling coordinators who match suppliers and demands may either self-provide spinning reserves, or rely on the Independent System Operator (ISO) to provide reserves at the spot price. The deregulated market structure makes explici...