Allocating usages of voltage security margin in deregulated electric markets

Garng Morton Huang, Nirmal Kumar C. Nair

Research output: Contribution to journalConference article

1 Citation (Scopus)

Abstract

The restructuring of the electricity sector into competitive entities introduces new paradigms to the planners and the operators of the system. One such issue that needs to be evaluated is the decomposition of voltage security margin usage over individual energy transactions. Such a procedure would form the technical basis towards setting up voltage stability pricing strategies. This paper proposes the details of an algorithm to evaluate the voltage security responsibility, in a composite market model framework that has both spot market type and bilateral long-term type transactions. The authors have tested their algorithm on test systems and found the allocation procedure reasonable. The authors conclude by enlisting the vast potential applications that could be achieved through this novel security decomposition scheme.

Original languageEnglish
JournalProceedings - IEEE International Symposium on Circuits and Systems
Volume3
Publication statusPublished - 14 Jul 2003
Externally publishedYes

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Decomposition
Electric potential
Voltage control
Electricity
Composite materials
Costs

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

Cite this

Allocating usages of voltage security margin in deregulated electric markets. / Huang, Garng Morton; Nair, Nirmal Kumar C.

In: Proceedings - IEEE International Symposium on Circuits and Systems, Vol. 3, 14.07.2003.

Research output: Contribution to journalConference article

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