In a restructured power market, the network cost is to be allocated between multiple players utilizing the system in varying capacities. Cooperative game approaches based on Shapley value and Nucleolus provide stable models for embedded cost allocation of power networks. Varying network usage...

In a restructured electricity market environment, the competition in the production and consumption of electric energy leads to the transmission network operating at or beyond one or more transfer limits. In such a situation, the system gets congested, resulting in an increase in the cost of...

This paper describes the operating performance of the Power System Stabilizer (PSS) for different power system case studies. The functional blocks of PSS are developed in Simulink and the simulation carried out. The damping oscillation variation of PSS for the various power system conditions...

The emerging electricity market behaves more like an oligopoly than a perfectly competitive market. Each supplier and consumer will have profits of varying extents influenced by differences in the degree of imperfection of knowledge of their rivals. This paper discusses the optimal bidding...