Abstract:Optimal power flow (OPF) refers to optimize power systems considering a chosen objective subject to a set of constraints. Existing OPF formulations used to settle electricity markets include a set of bus-wise power balance equations (PBE) that is comprised exclusively of high order terms which have sinusoidal components. Accordingly, such OPF formulations remain nonlinear and nonconvex optimization problems. Even though commercial OPF solvers are robust and efficient, they still cannot guarantee a global optim… Show more
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