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One of the major problems in liberalized power markets is loss allocation. In this paper, a new method for allocating transmission losses to pool market participants is proposed. The proposed method is fundamentally based on Bialek's "Tracing the flow of electricity" method. The losses is allocated to market participants using the loss weight factors (LWFs) which are obtained from the square...
The main development trend of wind power generation system is large offshore wind farms with grid connection. Due to extraordinarily high investment, many technical issues yet to be solved and limited experience, the risk of building offshore wind power generation system is always very high. The study presented in this paper takes a view of the effect of offshore wind farm topology on its reliability...
The problem of choosing the optimal location and size for shunt capacitors in unbalanced distribution systems can be formulated as a mixed, non-linear, constrained optimization problem and is usually solved in deterministic scenarios. However, distribution systems are stochastic in nature, leading thus to inaccurate deterministic solutions. To take into account the unavoidable uncertainties which...
For many years, the electric power industry treated electricity as a unique commodity sold to costumers. Nowadays, the new electricity industry has identified several key ancillary services. Under this new scenario, the producer's primary goal is the selection of services in which to participate via assessing the potential profits as part of the decision-making. Purchasing additional information can...
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