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The main focus of this study is on reserve market settlement in an electricity market with marginal pricing scheme as the pricing mechanism. Following a day-ahead market clearing, the marginal prices are found using the appropriate Lagrange multipliers as the bi-products of the optimisation process. The payments to energy and reserve providers can then be found based on these prices. However, it is hard to find an appropriate settlement scheme that provides the fair and justifiable consumer payments based on marginal pricing scheme considering the actual reserve functions in power systems. In this study, a reserve marginal pricing that is based on a proper reserve marginal price definition... 

Maintenance scheduling of generating units in restructured power systems is a collaborative and interactive process between independent system operators (ISOs) and generating companies (GENCOs). The ISO should comply with GENCO maintenance preferences subject to targeted system reliability levels. This process might be multistage since the admission of all initial unit outage requests may threaten system reliability. Hence, the ISO accepts some proposals and determines alternatives for the remaining units. The GENCOs are then allowed to confirm the alternatives or revise them. In this paper the ISO problem of generating unit maintenance scheduling is tackled. The objective function is to... 

This paper investigates the effects of service quality regulation on investing in distribution automation. Among different regulatory instruments for quality regulation, the Reward-Penalty Scheme (RPS) has been selected to evaluate the effect of monetary incentive on behavior of Electric Distribution Utility (EDU) for service reliability. By implementing different automation strategies, the value of enhancing reliability indices and consequently the value of rewards and penalties are calculated for each strategy. For achieving to more realistic outcome, ten years horizon is considered. Furthermore, in the calculation of reliability indices, the time varying failure rate of components is... 

The modeling and evaluation of enormous numbers of contingencies are the most challenging impediments associated with composite power system adequacy assessment, particularly for large-scale power systems. Optimal power flow (OPF) solution, as a widely common approach, is normally employed to model and analyze each individual contingency as an independent problem. However, mathematical representations associated with diverse states are slightly different in one or a few generating units, line outages, or trivial load variations. This inherent attribute brings a promising idea to speed up the contingency evaluation procedure. In this paper, postoptimal analysis (POA), as a well-recognized... 

There are different choices for auction and settlement mechanisms in electricity markets; however, selecting the appropriate mechanisms is too hard. Traditionally, the offer cost minimization (OCM) mechanism that minimizes the total offer cost is used as the clearing mechanism, and payments are calculated based on locational marginal prices (LMPs). Under this setup, the clearing and settlement mechanisms are inconsistent, since the minimized cost is different from the total payment cost. Some recent studies have proposed the payment cost minimization (PCM) mechanism. However, the discussion is still open, and different aspects of these mechanisms are yet needed to be analyzed. This paper... 

For a power transfer path, total transfer capability (TTC) represents maximum power that can be transferred over the transmission system. Unified power flow controller (UPFC) is a device that can be used to increase in TTC. This study presents a new method for optimal UPFC application to minimise power loss while enhancing TTC. Based on UPFC injection model, the solution region of UPFC parameters is first found using the proposed method to maximise TTC. It then searches the solution region to find optimal UPFC control mode and setting to minimise system power loss. The proposed method is applied to the IEEE-Reliability Test System and the UPFC application impact are evaluated. Comparative... 

Competition in the electric power industry urges utilities to not only reduce the investment costs, but also to reasonably cut the operation and maintenance expenses as much as possible, while keeping both power quality and reliability requirements met. Reliability-centred maintenance (RCM) has been proven to be in response to this dilemma in power systems and has been yet successfully applied in various engineering contexts. This study introduces a novel approach, as of the first steps of RCM implementation in composite power generation and transmission systems, to identify the critical components for the main sake of a more focused maintenance management. Criticality evaluation is, here,... 

This paper investigates the effects of service quality regulation on investing in distribution automation. Among different regulatory instruments for quality regulation, the Reward-Penalty Scheme (RPS) has been selected to evaluate the effect of monetary incentive on behavior of Electric Distribution Utility (EDU) for service reliability. By implementing different automation strategies, the value of enhancing reliability indices and consequently the value of rewards and penalties are calculated for each strategy. For achieving to more realistic outcome, ten years horizon is considered. Furthermore, in the calculation of reliability indices, the time varying failure rate of components is... 

This Paper presents a model for optimal locating and sizing of Distributed Generation (DG) for congestion management in deregulated electricity market. For reducing the solution space a priority list of candidate buses is formed and then optimal placement and sizing of DG in potential buses is discussed. In order to incorporate stochastic nature of power system in this study, Monte-Carlo method is used to simulate the effect of uncertainty of loads and system on the optimal location and size of the DGs in the network. The proposed method is applied to IEEE Reliability Test System (RTS). The impacts of load uncertainty on optimum DG size and location are studied  

As the electricity market undergoes continuous evolutions, along with the outdated nature of the grid, system operators would have to be able to more effectively manage the operation costs since waves of maintenance costs and equipment investments would be anticipated in the years to come. Strategic implementation of cost-effective reliability centered maintenance (RCM) approaches seems to be a key solution. This paper proposes an efficient method to assess the component criticality for the system overall reliability and further maintenance focuses. A solution concept of game theory, called Shapely Value, that is able to fairly identify the contribution of each single equipment to the system... 

With the rapid evolution of electricity markets and the need for higher economic efficiency of power industry, attempts for lowering down the maintenance costs as a large portion of system operation expenses seem imperative. Recognised as a crucial step in practical implementation of modern maintenance paradigms, e.g. reliability-centred maintenance, this study proposes an efficient method to quantify the generating units' criticality on the bulk power system reliability performance. The proposed approach utilises a solution concept of game theory and evaluates the contribution of each generating unit on the overall system reliability when a higher-order contingency occurs. The suggested... 

Increasing redundant paths in transmission grids has always been thought to be a tool to enhance service reliability. However, network equations by intertwining power flows through redundant paths impose more limits on systems with more redundancy. Accordingly, autonomous removing of a few lines may relief capacity limit violations in some contingency events thereby enhancing service reliability. This paper aims to study impacts of manual removing of transmission lines on composite system reliability. For doing so, the existing model is extended to consider optimal transmission switching (OTS) as a remedial action. The model minimizes total damage cost imposed by load curtailments. The... 

As the electricity market undergoes continuous evolutions, along with the widely-recognized outdated nature of the grid, system operators would have to be able to more effectively manage the system operation expenses since waves of maintenance costs and equipment investments would be anticipated in a few years to come. Strategic implementation of cost-effective reliability-centered maintenance (RCM) approaches seems to be a key solution. This paper proposes an efficient method to assess the component criticality for system overall reliability and further maintenance focuses. A solution concept of game theory, called shapely value, is proposed that is able to fairly identify the contribution... 

Increasing redundant paths in transmission grids has always been thought to be a tool to enhance service reliability. However, network equations by intertwining power flows through redundant paths impose more limits on systems with more redundancy. Accordingly, autonomous removing of a few lines may relief capacity limit violations in some contingency events thereby enhancing service reliability. This paper aims to study impacts of manual removing of transmission lines on composite system reliability. For doing so, the existing model is extended to consider optimal transmission switching (OTS) as a remedial action. The model minimizes total damage cost imposed by load curtailments. The... 

Loop restoration scheme (LRS) is a special feeder automation (FA) scheme, which is used by utilities to improve distribution system reliability. The LRS is controlled and managed by its automatic control system (ACS). The impacts on distribution system reliability indices of implementing LRS mainly depend on the type of its ACS. Two common types of ACS of LRS are presented and used in this study. Successful operation of ACS is dependent on the protection and automatic control functions of switching devices of LRS. Different failure modes of these switching devices can therefore affect the procedure of ACS in fault detecting, isolating and service restoration. The impacts of failure of... 

In the new environment of power system, generating units dispatch problem plays an important role inasmuch as it is used to clear power market transactions. That is, market operator solves an optimization problem in order to find the energy and capacity reserve quota of each generating units participating in the power market. There are different techniques for solving this problem which differ in many aspects, including the objective function, optimization algorithm, and feasibility, so using an efficient technique is vital. In the real competitive electricity market, the components of generating units dispatch problem are faced with the uncertainties; therefore, due to the presence of... 

This paper addresses the midterm preventive maintenance outage scheduling problem of thermal generating units which is becoming increasingly important due to the aging of power generation fleet. In this context, a novel midterm preventive maintenance outage scheduler is proposed based on decision tree and mixed integer linear formation which explicitly considers the thermal units aging momentum in terms of failure rate. This allows the system operators to determine the thermal units' maintenance outage window based on the cost/benefit analysis of preventive maintenance tasks while optimizing the time interval between consecutive maintenance tasks. Additionally, the division of the year-long... 

Automation is acknowledged by distribution utilities as a successful investment strategy to enhance reliability and operation efficiency. However, practical approaches that can handle the complex decision-making process faced by decision makers to justify the long-term financial effects of distribution automation have remained scarce. An automated and remote-controlled sectionalizing switch play a fundamental role in an automated distribution network. This paper introduces a new optimization approach for distribution automation in terms of automated and remotely controlled sectionalizing switch placement. Mixed-integer linear programming (MILP) is utilized to model the problem. The proposed... 

This paper investigates the effects of service quality regulation on investing in distribution automation. Among different regulatory instruments for quality regulation, the Reward-Penalty Scheme (RPS) has been selected to evaluate the effect of monetary incentive on behavior of Electric Distribution Utility (EDU) for service reliability. By implementing different automation strategies, the value of enhancing reliability indices and consequently the value of rewards and penalties are calculated for each strategy. For achieving to more realistic outcome, ten years horizon is considered. Furthermore, in the calculation of reliability indices, the time varying failure rate of components is... 

Increasing the social welfare and achieving real competitive markets are the main purposes of consumers participation in electricity markets. Hence, Demand Response Programs (DRPs) have been designed to consider the consumers participation. One of these programs named Emergency Demand Response Program (EDRP) is based on consumers' responses to high electricity prices and to the incentives that are paid by Independent System Operators (ISOs) in the critical hours. In this paper, a model has been proposed for EDRP participation in the Stochastic Security Constrained Unit Commitment (SCUC) program. Both the spinning reserve and the demand side reserve, which is modeled as EDRP, are taken into...