Review of Congestion Management Methods in Deregulated Power Markets
Paper in proceedings, 2004
This paper addresses the increasingly important issue of the emerging deregulated electricity markets congestion management. Major congestion management methods in the new market environment from the international technical literature are presented and classified according to security-constrained generation re-dispatch, zonal/cluster based management, network sensitivity factor based method, congestion management using FACTS devices, congestion pricing and market-based methods, congestion management using demand-side resource, and financial transmission rights. Brief discussions and comments about these methods are presented.
market-based congestion management
power system operation
optimal power flow.
independent system operator
Deregulated electricity market