Security Enhanced OPF with Transmission Cost Solution under Bilateral and Multilateral Transactions

Abstract

In a deregulated electricity market, it is important to dispatch the generation in an economical manner. While dispatching it is also important to ensure security under different operating conditions. In this study intelligent technique based solution for optimal power flow is attempted. Transmission cost is calculated using Bialek’s upstream tracing method. Generation cost, transmission costs are combined together for pre and post contingency periods to form objective function. Different bilateral and multilateral conditions are considered for analysis. A human group optimization algorithm is used to find the solution of the problem. IEEE 30 bus system is taken as test systems.