This paper presents a method to allocate the transmission network costs to users based on nodal pricing approach by regulating the nodal prices from the marginal point to the new point. Transmission nodal pricing based on marginal prices is not able to produce enough revenue to recover the total transmission network costs. However, according to the previous studies in this context, this met...

The paper presents a super-twisting sliding mode (STSM) regulator with neural networks (NN) of direct power command (DPC) for controlling the active/reactive power of a doubly-fed induction generator (DFIG) using a two-level space vector pulse width modulation (2L-SVPWM). Traditional DPC strategy with proportional-integral (PI) controllers (DPC-PI) has significantly more active/reactive power r...

In this paper, a new identification of the Lagrange multipliers by means of the Sumudu transform, is employed to  btain a quick and accurate solution to the fractional Black-Scholes equation with the initial condition for a European option pricing problem. Undoubtedly this model is the most well known model for pricing financial derivatives. The fractional derivatives is described in Caputo sen...

In a competitive environment reactive power management is an essential service provided by independent system operator taking into account the voltage security and transmission losses. The system operator adopts a transparent and non-discriminatory procedure to procure the reactive power supply for optimal deployment in the system. Since generators’ are the main source of reactive power generat...

arbitrage is a known economic term, implying simultaneous transaction on commodities. for instance, a generation company (genco) may involve itself in selling fuel, emission allowance and etc., instead of generating either active or reactive power. moreover, arbitrage between active and reactive powers can, in turn, be considered. in this paper, arbitrage between active and reactive power is c...

At present, the restructured electricity market has been a prominent research area and attracted attention. The motivation of restructuring in power system is to introduce competition at various levels generate correct economic signal reduce generation cost. As result, it required have an effective price scheme deliver useful information about power. pricing mechanism dependent on demand load l...

Unlike traditional power grids, smart grids have the advantage of bidirectional power flow and having distributed generations. Distributed generation systems are usually supplied by renewable sources which can cause unpredicted voltage fluctuations as a result of being intermittent. While traditional compensating devices deal with the problem of voltage fluctuation and reduced power quality wit...