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A novel modeling approach for exploring the effects of UPFC on restructured electricity market

conference contribution
posted on 06.12.2017, 00:00 authored by Mohammad HesamzadehMohammad Hesamzadeh, A Abrishami, Nasser HosseinzadehNasser Hosseinzadeh, Peter WolfsPeter Wolfs
Abstract— A new steady state modeling of unified power flow controller (UPFC) is proposed in this paper. Using this model, factors that affect the objective function of electricity market as a result of UPFC installation in power grid has been decomposed into four components, including line series impedance increase, shunt reactive power compensation, in-phase component of series voltage and quadrature component of series voltage. A UPFC has been placed in different points of a test system and impact of each component on objective function of electricity market has been measured by simulation and compared with results from analytical method. Both active and reactive power spot prices are calculated and their relation with settings of UPFC series part has been studied. Also, numerical results shows that the necessary cost to improve security of electricity market decreases by UPFC installation.

Funding

Category 1 - Australian Competitive Grants (this includes ARC, NHMRC)

History

Start Page

1

End Page

7

Number of Pages

7

Start Date

01/01/2007

Location

Singapore

Publisher

IEEE Power Chapter Singapore

Place of Publication

Singapore

Peer Reviewed

Yes

Open Access

No

External Author Affiliations

Danishgah-i Shiraz; Faculty of Sciences, Engineering and Health;

Era Eligible

Yes

Name of Conference

International Power Engineering Conference