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Electricity deregulation has caused rapid changes in electricity market structure. Vertically integrated utility which performed all the functions including generation, transmission, distribution and retail services are now disaggregated into separate companies devoted to each function. The main goal of this deregulation is to enhance competition and provide new choices and economic benefits to the...
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,...
Wheeling is a process of transmitting electric power through the transmission lines governed by a third party. A practical problem is that wheeling from vendor to vendee involves power flows through several intermediate networks that is, multi-area wheeling. Each utility involves in part of a more number of wheeling transaction over a few miles or hundreds of miles. A vendor that generates power does...
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