Special Issue Article Open Access

Optimal Wheeling Transaction In Hybrid Power Market Using PSO

Abstract

The major problem of System Operator (SO) is to utilize the generated power effectively without disturbing the reliability of the market. This paper proposes a methodology to identify the reliable wheeling transaction in hybrid power market by performing Particle Swarm Optimization (PSO) based Optimal Power Flow (OPF). The customer location is selected based on Locational Marginal Price (LMP). The new generation schedule for all generator buses are computed by PSO with an objective of increasing the system performance by optimizing the generation cost. Based on the power transfer capability the transaction is suggested for the Independent Power Producer (IPP) in deregulated environment. The proposed frame work is illustrated with IEEE-30 bus system and Indian utility 69 bus system.

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