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Article: Novel decentralized approach through optimal resource allocation for congestion management

TitleNovel decentralized approach through optimal resource allocation for congestion management
Authors
KeywordsCongestion management
Decentralized optimization
Optimal power flow
Power market
Resource allocation
Issue Date2006
PublisherZhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cn
Citation
Zhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2006, v. 26 n. 22, p. 46-53 How to Cite?
AbstractThe paper proposed a novel decentralized approach for congestion management via Optimal Resource Allocation (ORA) for the forward markets. The available capacities of possible congested transmission lines are considered as commonly shared resources for bilateral and multilateral transactions in the market. Each transaction maximizes its profit using limited capacity of transmission line allocated by the ISO. Through the proposed decentralized optimization algorithms, the ISO searches the optimal allocation of the capacities of congested transmission lines to the individual transactions and finally the same market efficiency (social welfare) as centralized optimization is achieved. This decentralized approach is more suitable for power market environment since it does not require private and sensitive information submission from individual transactions to the ISO and the resource allocation decision is always feasible during iterations. The mathematical model, calculation procedure and relevant proof are presented. The computer test results from the IEEE 30 bus system show clearly the effectiveness of the approach and its consistency with the centralized optimization.
Persistent Identifierhttp://hdl.handle.net/10722/155351
ISSN
2015 SCImago Journal Rankings: 0.881
References

 

DC FieldValueLanguage
dc.contributor.authorLiu, Ken_HK
dc.contributor.authorZhao, DPen_HK
dc.contributor.authorHou, YHen_HK
dc.contributor.authorBi, TSen_HK
dc.contributor.authorNi, YXen_HK
dc.contributor.authorWu, Fen_HK
dc.date.accessioned2012-08-08T08:33:01Z-
dc.date.available2012-08-08T08:33:01Z-
dc.date.issued2006en_HK
dc.identifier.citationZhongguo Dianji Gongcheng Xuebao/Proceedings Of The Chinese Society Of Electrical Engineering, 2006, v. 26 n. 22, p. 46-53en_HK
dc.identifier.issn0258-8013en_HK
dc.identifier.urihttp://hdl.handle.net/10722/155351-
dc.description.abstractThe paper proposed a novel decentralized approach for congestion management via Optimal Resource Allocation (ORA) for the forward markets. The available capacities of possible congested transmission lines are considered as commonly shared resources for bilateral and multilateral transactions in the market. Each transaction maximizes its profit using limited capacity of transmission line allocated by the ISO. Through the proposed decentralized optimization algorithms, the ISO searches the optimal allocation of the capacities of congested transmission lines to the individual transactions and finally the same market efficiency (social welfare) as centralized optimization is achieved. This decentralized approach is more suitable for power market environment since it does not require private and sensitive information submission from individual transactions to the ISO and the resource allocation decision is always feasible during iterations. The mathematical model, calculation procedure and relevant proof are presented. The computer test results from the IEEE 30 bus system show clearly the effectiveness of the approach and its consistency with the centralized optimization.en_HK
dc.languageengen_US
dc.publisherZhongguo Dianji Gongcheng Xuehui. The Journal's web site is located at http://www.dwjs.com.cnen_HK
dc.relation.ispartofZhongguo Dianji Gongcheng Xuebao/Proceedings of the Chinese Society of Electrical Engineeringen_HK
dc.subjectCongestion managementen_HK
dc.subjectDecentralized optimizationen_HK
dc.subjectOptimal power flowen_HK
dc.subjectPower marketen_HK
dc.subjectResource allocationen_HK
dc.titleNovel decentralized approach through optimal resource allocation for congestion managementen_HK
dc.typeArticleen_HK
dc.identifier.emailHou, YH: yhhou@hku.hken_HK
dc.identifier.emailNi, YX: yxni@eee.hku.hken_HK
dc.identifier.emailWu, F: ffwu@eee.hku.hken_HK
dc.identifier.authorityHou, YH=rp00069en_HK
dc.identifier.authorityNi, YX=rp00161en_HK
dc.identifier.authorityWu, F=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.scopuseid_2-s2.0-33846167434en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-33846167434&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume26en_HK
dc.identifier.issue22en_HK
dc.identifier.spage46en_HK
dc.identifier.epage53en_HK
dc.publisher.placeChinaen_HK
dc.identifier.scopusauthoridLiu, K=23009288400en_HK
dc.identifier.scopusauthoridZhao, DP=7403489813en_HK
dc.identifier.scopusauthoridHou, YH=7402198555en_HK
dc.identifier.scopusauthoridBi, TS=6602683764en_HK
dc.identifier.scopusauthoridNi, YX=7402910021en_HK
dc.identifier.scopusauthoridWu, F=7403465107en_HK

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