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In a deregulated power system, generation companies would like to maximize their profits and share of the electricity market. This can only be achieved if transmission access and network availability is satisfactory. New mathematical models for generation and transmission planning are thus needed. The problem is divided into two sub-problems of generation and transmission. The two sub-problems will...
Recently electricity tracing flow method has been introduced which allows one to trace the flow of electricity in a meshed network. Traceable flow method algorithm has been developed with using proportional sharing method. This algorithm has been resulted some contribution coefficients. These coefficients are obtained based on the results of ordinary load flow or optimal load flow. The energy cost,...
Under competitive environment of the pool market, the market clearing price (MCP), and the generation and demand of all bidders are normally determined to obtain maximum social welfare. However, the MCP is normally different from the nodal prices which are actually charged to, or paid for, participants. Therefore the solution obtained from the above concept does not actually provide maximum return...
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