Transmission congestion management is a vital task in electricity markets. Series FACTS devices can be used as effective tools to relieve congestion mostly employing Optimal Power Flow based methods, in which total cost as the objective function is minimized. However, power system stability may...

Congestion management is one of critical tasks in electric power markets. Although congestion management using a centralized optimal power flow may give an efficient solution, it lacks enough transparency in a competitive power market for its participants about congestion related costs. On the...