Many critical goods and services in modern-day economies are produced and distributed through complex institutional arrangements. Agent-based computational economics (ACE) modeling tools are capable of handling this degree of complexity. In concrete support of this claim, this study presents an ACE test bed designed to permit the exploratory study of restructured U.S. wholesale power markets wi...

The term "smart grid" generally refers to a next-generation power grid in which the generation, transmission, distribution, and management of electricity are upgraded and automated by incorporating advanced computing and communication technologies for improving the efficiency, reliability, economics, and safety of the grid. Loosely speaking, a smart grid is composed of a power grid and a two-wa...

In the emerging deregulated electric power market, congestion management becomes extremely important and it can impose barrier to electric power trading. There are t w o types of congestion management methodologies to relieve congestion in transmission lines. One is non-cost free methods and another is cost-free methods, among them later method relieves the congestion technically whereas the fo...

In this paper, we consider an interconnected power system, where the different Transmission System Operators (TSOs) have agreed to transferring some of their competences to a Centralised Control Center (CCC). In such a context, a recurrent difficulty for the CCC is to define decision-making strategies which are fair enough to every TSO of the interconnected system. We address this multiobjectiv...

In this paper, we present the concept of transmitting power without using wires i.e., transmitting power as microwaves from one place to another is in order to reduce the transmission and distribution losses. This concept is known as Microwave Power transmission (MPT). We also discussed the technological developments in Wireless Power Transmission (WPT). The advantages, disadvantages, biologica...

in this paper, we present a new method to determine the optimal location and parameter settings of unifiedpower flow controller (upfc) for removing voltage violations and transmission lines overloading. upfc isconsidered as the most powerful member of the facts devices, that it can control shunt and series power flow.this option gives to upfc the power to control the voltage profile and transmi...

In recent years, microgrids, i.e., disconnected distribution systems, have received increasing interest from power system utilities to support the economic and resiliency posture of their systems. The economics of long distance transmission lines prevent many remote communities from connecting to bulk transmission systems and these communities rely on off-grid microgrid technology. Furthermore,...

Many critical goods and services in modern-day economies are produced and distributed through complex institutional arrangements. Agent-based computational economics (ACE) modeling tools are capable of handling this degree of complexity. In concrete support of this claim, this study presents an ACE test bed designed to permit the exploratory study of restructured U.S. wholesale power markets wi...