Traditionally, electric system operators have dispatched generation to minimize total production costs, assuming a fixed transmission topology within the dispatch horizon. Implementation of smart-grid systems could allow operators to co-optimize transmission topology alongside generator dispatch; the technologies that would enable such co-optimization are still regulated as part of the monopoly...

in emerging electric power systems, increased transactions often lead to the situations where the system no longer remains in secure operating region. the flexible ac transmission system (facts) controllers can play an important role in the power system security enhancement. however, due to high capital investment, it is necessary to locate these controllers optimally in the power system. facts...

Modern power system becomes more complex and difficult to control with the wide integration of renewable energy and flexible ac transmission systems (FACTS). In recent years many types of renewable source (Wind, solar,) and FACTS devices (SVC, STATCOM, TCSC, UPFC) integrated widely in the electricity market. Wind power industry has been developing rapidly, and high penetration of wind power int...