Ancillary services are necessary for maintaining the security and reliability of power systems and constitute an important part of trade in competitive electricity markets. Spinning Reserve (SR) is one of the most important ancillary services for saving power system stability and integrity in...

Congestion management is a vital part of power system operations in recent deregulated electricity markets. However, after relieving congestion, power systems may be operated with a reduced voltage or transient stability margin because of hitting security limits or increasing the contribution of...

In a competitive electricity market, where market parties try to maximize their profits, it is necessary to keep an acceptable level of power system security to retain the continuity of electricity services to customers at a reasonable cost. Congestion in a power system is turned up due to...