Long-Term Economic Model for Allocation of FACTS Devices in Restructured Power System Integrated Wind Generation

Akram Elmitwally, Abdelfattah Eladl, David Morrow

Research output: Contribution to journalArticle

12 Citations (Scopus)
473 Downloads (Pure)

Abstract

This study proposes an approach to optimally allocate multiple types of flexible AC transmission system (FACTS) devices in market-based power systems with wind generation. The main objective is to maximise profit by minimising device investment cost, and the system's operating cost considering both normal conditions and possible contingencies. The proposed method accurately evaluates the long-term costs and benefits gained by FACTS devices (FDs) installation to solve a large-scale optimisation problem. The objective implies maximising social welfare as well as minimising compensations paid for generation re-scheduling and load shedding. Many technical operation constraints and uncertainties are included in problem formulation. The overall problem is solved using both particle swarm optimisations for attaining optimal FDs allocation as main problem and optimal power flow as sub-optimisation problem. The effectiveness of the proposed approach is demonstrated on modified IEEE 14-bus test system and IEEE 118-bus test system.
Original languageEnglish
Pages (from-to)19-30
Number of pages12
JournalIET Generation, Transmission and Distribution
Volume10
Issue number1
DOIs
Publication statusPublished - 07 Jan 2016

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