Title: Economics of FACTS integration into the liberalised European power system
Citation: 2007 IEEE LAUSANNE POWERTECH p. 594-1 594-6
Publisher: Institute of Electrical and Electronics Engineers (IEEE)
Publication Year: 2007
JRC N°: JRC35862
URI: http://publications.jrc.ec.europa.eu/repository/handle/JRC35862
Type: Articles in periodicals and books
Abstract: In spite of a large bibliography available concerning FACTS (Flexible AC Transmission System) analysis and implementations, a very limited amount of contributions in open literature investigate the economics of these devices. The present paper aims at focusing on the economic implications deriving from the enhancement of transmission capacity by utilising FACTS devices. The scope is the investigation of the techno-economic aspects of FACTS installation in liberalised power systems. Particularly, attention has been paid to the UPFC (Unified Power Flow Controller), which has been modeled in an original way for DC load flow studies and inserted in an optimisation algorithm for market solving. Reference for the paper is the European power system.
JRC Directorate:Energy, Transport and Climate

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