Abstract:Transmission congestion is one of the main reasons of social welfare losses. Electricity demand cannot be supplied by low-cost generators because of congestions. After deregulation of the power industry, the number of market participants has increased and each market participant has open access to the transmission network. This new policy leads to a dramatic increase in transmission congestion. Thats why the transmission system operator needs a proper pricing scheme to alleviate the congestions in the transmis… Show more
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