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    Impact of Phase Shifters on Locational Prices

    Source: Journal of Energy Engineering:;2005:;Volume ( 131 ):;issue: 001
    Author:
    Bo Lu
    ,
    Zuyi Li
    ,
    Mohammad Shahidehpour
    DOI: 10.1061/(ASCE)0733-9402(2005)131:1(52)
    Publisher: American Society of Civil Engineers
    Abstract: With the introduction of restructuring in the electric power industry, the price of electricity has become the focus of power market activities. Phase shifters in a power system can mitigate or reduce transmission congestion by redirecting line flows, reduce the cost of power dispatch by adjusting locational marginal prices (LMPs), and enhance market competition by reducing the chance of market power occurrences due to limited transmission flows. This paper analyzes the role of phase shifters in restructured power systems by simulating electricity market prices. The paper further provides a comparison among various alternatives such as transmission expansion for mitigating congestion. The simulation results are analyzed for a three-bus and presented for the Institute of Electrical and Electronics Engineers (IEEE) 118-bus power system.
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      Impact of Phase Shifters on Locational Prices

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    contributor authorBo Lu
    contributor authorZuyi Li
    contributor authorMohammad Shahidehpour
    date accessioned2017-05-08T20:32:40Z
    date available2017-05-08T20:32:40Z
    date copyrightApril 2005
    date issued2005
    identifier other%28asce%290733-9402%282005%29131%3A1%2852%29.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/19140
    description abstractWith the introduction of restructuring in the electric power industry, the price of electricity has become the focus of power market activities. Phase shifters in a power system can mitigate or reduce transmission congestion by redirecting line flows, reduce the cost of power dispatch by adjusting locational marginal prices (LMPs), and enhance market competition by reducing the chance of market power occurrences due to limited transmission flows. This paper analyzes the role of phase shifters in restructured power systems by simulating electricity market prices. The paper further provides a comparison among various alternatives such as transmission expansion for mitigating congestion. The simulation results are analyzed for a three-bus and presented for the Institute of Electrical and Electronics Engineers (IEEE) 118-bus power system.
    publisherAmerican Society of Civil Engineers
    titleImpact of Phase Shifters on Locational Prices
    typeJournal Paper
    journal volume131
    journal issue1
    journal titleJournal of Energy Engineering
    identifier doi10.1061/(ASCE)0733-9402(2005)131:1(52)
    treeJournal of Energy Engineering:;2005:;Volume ( 131 ):;issue: 001
    contenttypeFulltext
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