Enhancement of Available Transfer Capability with Facts Device in the Competitive Power Market

Abstract

In order to facilitate the electricity market operation and trade in the restructured environment, ample transmission capability should be provided to satisfy the demand of increasing power transactions. The conflict of this requirement and the restrictions on the transmission expansion in the restructured electrical market has motivated the development of methodologies to enhance the Available Transfer Capability (ATC) of the existing transmission grids. The insertion of FACTS devices in electrical systems seems to be a promising strategy to enhance ATC. In this paper, the viability and technical merits of boosting ATC using Thyristor Controlled Series Compensator (TCSC) is being analyzed. The work has been carried out on IEEE 30 bus and IEEE 118 bus systems. Bilateral and multilateral transactions are considered. Particle Swarm Optimization (PSO) algorithm and Genetic Algorithm (GA) are employed to obtain the optimal settings of TCSC.