Electricity Market

Optimal Allocation of Series FACTS Devices Under High Penetration of Wind Power Within a Market Environment

Series FACTS devices are one of the key enablers for very high penetration of renewables due to their capabilities in continuously controlling power flows on transmission lines. This paper proposes a bilevel optimization model to optimally locate …

Optimal energy management for commercial buildings considering comprehensive comfort levels in a retail electricity market

Demand response has been implemented by distribution system operators to reduce peak demand and mitigate contingency issues on distribution lines and substations. Specifically, the campus-based commercial buildings make the major contributions to …