Abstract:This paper proposes a novel approach to maximize utilization of wind energy by using a combination of flexible AC transmission system (FACTS) devices, shunt capacitor (SC) and static synchronous compensator (STATCOM). The stochastic nature of wind power is considered through a set of scenarios. After running the real market, the proposed model must be applied by the independent system operator (ISO) to determine the parameters such as the value of the real reserve of each generator. The control procedure of th… Show more
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.