Hybrid Strategy for Congestion Management in De regulated Power Market

Abstract

Ideally every stake-holder in power system operations would wish uninterrupted supply of power to its consumers. However, simultaneously market players will try to get maximum returns on investment made and consumers would always wish to get power supply at most economical rates and according to their requirements. All these objectives are supposed to be achieved using the existing transmission network especially in de-regulated power market of today. Hence, it is a challenge to satisfy everyone without any glitches in supply chain of electricity from generators to consumers. To accomplish this a robust management system is required to run a reliable, efficient and secure power system. newline