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In the past few decades, restructuring has overtaken all possible domains including the electric supply industry. Restructuring has brought about considerable changes by the virtue of which electricity is now a commodity and has converted into deregulated one. Such a competitive market has paved way for innumerable participants. This has led to overloading and congestion of transmission lines. Moreover,...
The concept of market power has gained its importance after the electric power industry started a process of transition and restructuring since early 1990s or so. In this competitive electricity market, the operational and the physical constraints of the network possess major threat to the market by the generation companies in exercising its market power. This paper presents a comprehensive review...
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