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Providing more choices to customers for determining the cost of their required reliability levels is one of the most important targets of restructured power system. Centralized management of reliability in Vertically Integrated Utility (VIU) applying the same policies to different customers is replaced with decentralized management allowing customers to participate in reliability management based...
This paper presents a novel approach to solve an optimal power flow problem with embedded security constraints (OPF-SC), represented by a mixture of continuous and discrete control variables, where the major aim is to minimize the total operating cost, taking into account both operating security constraints, and system capacity requirements. The cost operation include: generation costs, transmission...
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