Multi-objective optimization of voltage-stability based on congestion management for integrating wind power into the electricity market

Abstract

This paper proposes voltage-stability based on congestion management (CM) for electricity market environments and considers the incorporation of wind farms into systems as well. A probabilistic voltage-stability constrained optimal power flow (P-VSCOPF) is formulated to maximize both social welfare and voltage stability. To reflect the probabilistic influence of CM in the presence of wind farms on voltage stability, Monte Carlo simulations (MCS) are used to analyze both the system load and the wind speed from their probability distribution functions. A multi-objective particle-swarm optimization (MOPSO) algorithm is implemented to solve the P-VSCOPF problem. A contingency analysis based on the voltage stability index (VSI) for line outages is employed to find the vulnerable line of congestion in power systems. The congestion distribution factor (CDF) is also used to find the optimal location of a wind farm in CM. The optimal pricing expression, which is obtained, with respect to preserving voltage stability, by calculating both the locational marginal prices (LMPs) and the nodal congestion prices (NCPs), is demonstrated in terms of congestion solutions. Simultaneously, the voltage stability margin (VSM) is considered within the CM framework. The proposed approach is implemented on a modified IEEE 24-bus system, and the results obtained are compared with the results of other optimal power flow methods.