<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The paper investigates selection of the best location of thyristor-controlled series compensator (TCSC) in a transmission system from many candidate locations in a competitive energy market such that the TCSC causes a net valuable impact on congestion management outcome, transmission utilization, transmission losses, voltage stability, degree of fulfillment of spot market contracts, and system security. The problem is treated as a multicriteria decision-making process such that the candidate locations of TCSC are the alternatives and the conflicting objectives are the outcomes of the dispatch process, which may have different importance weights. The paper proposes some performance indices that the dispatch decision-making entity can use to measure market dispatch outcomes of each alternative. Based on agreed-upon preferences, the measures presented may help the decision maker compare and rank dispatch scenarios to ultimately decide which location is the optimal one. To solve the multicriteria decision, we use the preference ranking organization method for enrichment evaluations (PROMETHEE), which is a multicriteria decision support method that can handle complex conflicting-objective decision-making processes.</p></abstract>

The paper investigates selection of the best location of thyristor-controlled series compensator (TCSC) in a transmission system from many candidate locations in a competitive energy market such that the TCSC causes a net valuable impact on congestion management outcome, transmission utilization, transmission losses, voltage stability, degree of fulfillment of spot market contracts, and system security. The problem is treated as a multicriteria decision-making process such that the candidate locations of TCSC are the alternatives and the conflicting objectives are the outcomes of the dispatch process, which may have different importance weights. The paper proposes some performance indices that the dispatch decision-making entity can use to measure market dispatch outcomes of each alternative. Based on agreed-upon preferences, the measures presented may help the decision maker compare and rank dispatch scenarios to ultimately decide which location is the optimal one. To solve the multicriteria decision, we use the preference ranking organization method for enrichment evaluations (PROMETHEE), which is a multicriteria decision support method that can handle complex conflicting-objective decision-making processes.

Multicriteria Selection of Optimal Location of TCSC in a Competitive Energy Market

Department of Electrical Power Engineering, Hijjawi Faculty for Engineering, Technology Yarmouk University, Irbid, 211-63, Jordan

Journal of Electrical Engineering

The paper investigates selection of the best location of thyristor-controlled series compensator (TCSC) in a transmission system from many candidate locations...

Multicriteria Selection of Optimal Location of TCSC in a Competitive Energy Market

Published Online: Jun 07, 2011

Page range: 129 - 140

DOI: https://doi.org/10.2478/v10187-010-0019-2

Keywords
decision-making, competitive energy markets, performance indices, PROMETHEE, transmission congestion, thyristor controlled series compensator

This content is open access.

Multicriteria Selection of Optimal Location of TCSC in a Competitive Energy Market

Published Online: Jun 07, 2011

Page range: 129 - 140

DOI: https://doi.org/10.2478/v10187-010-0019-2

Keywordsdecision-making, competitive energy markets, performance indices, PROMETHEE, transmission congestion, thyristor controlled series compensator

This content is open access.

Keywords
decision-making, competitive energy markets, performance indices, PROMETHEE, transmission congestion, thyristor controlled series compensator