Market Power Assessment Based on Placement of FACTS Devices

Mohd Tauseef Khan; Mohammad Quadeer Fahad; Anurag Chauhan; S. M.Suhail Hussain; Taha Selim Ustun

doi:10.1109/UPCON47278.2019.8980016

Market Power Assessment Based on Placement of FACTS Devices

Mohd Tauseef Khan, Mohammad Quadeer Fahad, Anurag Chauhan, S. M.Suhail Hussain, Taha Selim Ustun

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

Abstract

Deregulation has offered improved quality of power supply due to entry of a number of competitive private entities in Electrical Generation Sector. But there is also a possibility of collusion amongst certain members thereby driving the cost of electrical energy above the competitive level for a considerable time. This depends upon the amount of market power possessed by these members. This paper assesses the market power possessed by different entities and relative changes after placement of FACTS devices in the power network. TCSC and STATCOM (FACTS Devices) are placed on their optimum location and market power is being analyzed before and after their placement in the network. The analysis is being done on IEEE-14 bus network at MATLAB platform.

Original language	English
Title of host publication	Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019
Publisher	Institute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)	9781728134550
DOIs	https://doi.org/10.1109/UPCON47278.2019.8980016
State	Published - Nov 2019
Externally published	Yes
Event	2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019 - Aligarh, India Duration: 8 Nov 2019 → 10 Nov 2019

Publication series

Name	Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019

Conference

Conference	2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019
Country/Territory	India
City	Aligarh
Period	8/11/19 → 10/11/19

Bibliographical note

Publisher Copyright:
© 2019 IEEE.

Keywords

FACTS
Market indices
Market power
STATCOM
TCSC

ASJC Scopus subject areas

Computer Networks and Communications
Hardware and Architecture
Energy Engineering and Power Technology
Electrical and Electronic Engineering

Access to Document

10.1109/UPCON47278.2019.8980016

Cite this

Khan, M. T., Fahad, M. Q., Chauhan, A., Hussain, S. M. S., & Ustun, T. S. (2019). Market Power Assessment Based on Placement of FACTS Devices. In Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019 Article 8980016 (Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/UPCON47278.2019.8980016

Khan, Mohd Tauseef ; Fahad, Mohammad Quadeer ; Chauhan, Anurag et al. / Market Power Assessment Based on Placement of FACTS Devices. Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019. Institute of Electrical and Electronics Engineers Inc., 2019. (Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019).

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title = "Market Power Assessment Based on Placement of FACTS Devices",

abstract = "Deregulation has offered improved quality of power supply due to entry of a number of competitive private entities in Electrical Generation Sector. But there is also a possibility of collusion amongst certain members thereby driving the cost of electrical energy above the competitive level for a considerable time. This depends upon the amount of market power possessed by these members. This paper assesses the market power possessed by different entities and relative changes after placement of FACTS devices in the power network. TCSC and STATCOM (FACTS Devices) are placed on their optimum location and market power is being analyzed before and after their placement in the network. The analysis is being done on IEEE-14 bus network at MATLAB platform.",

keywords = "FACTS, Market indices, Market power, STATCOM, TCSC",

author = "Khan, \{Mohd Tauseef\} and Fahad, \{Mohammad Quadeer\} and Anurag Chauhan and Hussain, \{S. M.Suhail\} and Ustun, \{Taha Selim\}",

note = "Publisher Copyright: {\textcopyright} 2019 IEEE.; 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019 ; Conference date: 08-11-2019 Through 10-11-2019",

year = "2019",

month = nov,

doi = "10.1109/UPCON47278.2019.8980016",

language = "English",

series = "Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019",

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Khan, MT, Fahad, MQ, Chauhan, A, Hussain, SMS & Ustun, TS 2019, Market Power Assessment Based on Placement of FACTS Devices. in Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019., 8980016, Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019, Institute of Electrical and Electronics Engineers Inc., 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019, Aligarh, India, 8/11/19. https://doi.org/10.1109/UPCON47278.2019.8980016

Market Power Assessment Based on Placement of FACTS Devices. / Khan, Mohd Tauseef; Fahad, Mohammad Quadeer; Chauhan, Anurag et al.
Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019. Institute of Electrical and Electronics Engineers Inc., 2019. 8980016 (Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - Market Power Assessment Based on Placement of FACTS Devices

AU - Khan, Mohd Tauseef

AU - Fahad, Mohammad Quadeer

AU - Chauhan, Anurag

AU - Hussain, S. M.Suhail

AU - Ustun, Taha Selim

PY - 2019/11

Y1 - 2019/11

N2 - Deregulation has offered improved quality of power supply due to entry of a number of competitive private entities in Electrical Generation Sector. But there is also a possibility of collusion amongst certain members thereby driving the cost of electrical energy above the competitive level for a considerable time. This depends upon the amount of market power possessed by these members. This paper assesses the market power possessed by different entities and relative changes after placement of FACTS devices in the power network. TCSC and STATCOM (FACTS Devices) are placed on their optimum location and market power is being analyzed before and after their placement in the network. The analysis is being done on IEEE-14 bus network at MATLAB platform.

AB - Deregulation has offered improved quality of power supply due to entry of a number of competitive private entities in Electrical Generation Sector. But there is also a possibility of collusion amongst certain members thereby driving the cost of electrical energy above the competitive level for a considerable time. This depends upon the amount of market power possessed by these members. This paper assesses the market power possessed by different entities and relative changes after placement of FACTS devices in the power network. TCSC and STATCOM (FACTS Devices) are placed on their optimum location and market power is being analyzed before and after their placement in the network. The analysis is being done on IEEE-14 bus network at MATLAB platform.

KW - FACTS

KW - Market indices

KW - Market power

KW - STATCOM

KW - TCSC

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DO - 10.1109/UPCON47278.2019.8980016

M3 - Conference contribution

AN - SCOPUS:85084284275

T3 - Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019

BT - Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019

PB - Institute of Electrical and Electronics Engineers Inc.

T2 - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019

Y2 - 8 November 2019 through 10 November 2019

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Khan MT, Fahad MQ, Chauhan A, Hussain SMS, Ustun TS. Market Power Assessment Based on Placement of FACTS Devices. In Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019. Institute of Electrical and Electronics Engineers Inc. 2019. 8980016. (Proceedings - 2019 International Conference on Electrical, Electronics and Computer Engineering, UPCON 2019). doi: 10.1109/UPCON47278.2019.8980016

Market Power Assessment Based on Placement of FACTS Devices

Abstract

Publication series

Conference

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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Cite this