Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition
Abstract In the restructured electricity markets, transmission usage, usage costs, and loss allocation are critical issues for recovering network embedded and maintenance costs from network users. However, because of the integration of the flexible alternating current transmission system (FACTS) and...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Wiley
2023-06-01
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| Series: | Engineering Reports |
| Subjects: | |
| Online Access: | https://doi.org/10.1002/eng2.12616 |
| _version_ | 1797798137010585600 |
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| author | Baseem Khan Om Prakash Mahela Mohamed G. Hussien |
| author_facet | Baseem Khan Om Prakash Mahela Mohamed G. Hussien |
| author_sort | Baseem Khan |
| collection | DOAJ |
| description | Abstract In the restructured electricity markets, transmission usage, usage costs, and loss allocation are critical issues for recovering network embedded and maintenance costs from network users. However, because of the integration of the flexible alternating current transmission system (FACTS) and the occurrence of power system contingencies, this allocation is more complex and critical from the utility's perspective, as it may cause volatility in transmission network costs. In this work, the unified power flow controller (UPFC) is utilized to show the effect of its integration on the system cost and cost allocation. Further, contingency conditions are common in power systems. Therefore, for determining usage, usage cost, and loss allocation volatility under UPFC‐integrated system and N‐1 contingency conditions, this work utilized a power flow tracing‐based transmission usage allocation technique. Reliability factors are used to determine transmission line flows in the event of a failure. Furthermore, contingency line flows are employed to assess transmission tariff volatility in terms of risk premiums. The cost of transmission utilization is recovered using a modified MW‐mile technique. The devised approach was put to the test on a 6‐bus system and an IEEE 14‐bus system. |
| first_indexed | 2024-03-13T03:59:00Z |
| format | Article |
| id | doaj.art-5e0ab456c6f945b5abfbbd349fc76d4b |
| institution | Directory Open Access Journal |
| issn | 2577-8196 |
| language | English |
| last_indexed | 2024-03-13T03:59:00Z |
| publishDate | 2023-06-01 |
| publisher | Wiley |
| record_format | Article |
| series | Engineering Reports |
| spelling | doaj.art-5e0ab456c6f945b5abfbbd349fc76d4b2023-06-22T02:35:39ZengWileyEngineering Reports2577-81962023-06-0156n/an/a10.1002/eng2.12616Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency conditionBaseem Khan0Om Prakash Mahela1Mohamed G. Hussien2Department of Electrical and Computer Engineering Hawassa University Hawassa EthiopiaPower System Planning Division Rajasthan Rajya Vidyut prasaran Nigam Ltd. Jaipur IndiaDepartment of Electrical Power and Machines Engineering, Faculty of Engineering Tanta University Tanta EgyptAbstract In the restructured electricity markets, transmission usage, usage costs, and loss allocation are critical issues for recovering network embedded and maintenance costs from network users. However, because of the integration of the flexible alternating current transmission system (FACTS) and the occurrence of power system contingencies, this allocation is more complex and critical from the utility's perspective, as it may cause volatility in transmission network costs. In this work, the unified power flow controller (UPFC) is utilized to show the effect of its integration on the system cost and cost allocation. Further, contingency conditions are common in power systems. Therefore, for determining usage, usage cost, and loss allocation volatility under UPFC‐integrated system and N‐1 contingency conditions, this work utilized a power flow tracing‐based transmission usage allocation technique. Reliability factors are used to determine transmission line flows in the event of a failure. Furthermore, contingency line flows are employed to assess transmission tariff volatility in terms of risk premiums. The cost of transmission utilization is recovered using a modified MW‐mile technique. The devised approach was put to the test on a 6‐bus system and an IEEE 14‐bus system.https://doi.org/10.1002/eng2.12616risk assessmentusage cost allocationrestructured electricity marketunified power flow controller |
| spellingShingle | Baseem Khan Om Prakash Mahela Mohamed G. Hussien Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition Engineering Reports risk assessment usage cost allocation restructured electricity market unified power flow controller |
| title | Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition |
| title_full | Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition |
| title_fullStr | Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition |
| title_full_unstemmed | Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition |
| title_short | Transmission network tariff volatility assessment under UPFC‐integrated system and N‐1 contingency condition |
| title_sort | transmission network tariff volatility assessment under upfc integrated system and n 1 contingency condition |
| topic | risk assessment usage cost allocation restructured electricity market unified power flow controller |
| url | https://doi.org/10.1002/eng2.12616 |
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