Abstract:This paper proposes a new bid based redispatching method to relieve congestion in a pool type market, based on bilateral generation exchanges between generation units. Sensitivity analysis is used to find and implement the cheapest consecutive bilateral exchanges that would remove congestion in an iterative process. Congestion cost is calculated as exchange cost during congestion removal and is divided between congested parts using load flow results in each iteration. Divided cost is recovered from consumers, … Show more
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