naa a22 4500 510731724 CHVBK 20180411082955.0 cr unu---uuuuu 180411e20131201xx s 000 0 eng 10.1007/s11708-013-0262-x doi (NATIONALLICENCE)springer-10.1007/s11708-013-0262-x Impact of FACTS devices on exercising market power in deregulated electricity market [Elektronische Daten] [Shanmugam Prabhakar Karthikeyan, I. Jacob Raglend, D. Kothari] In power system studies, congestion in transmission lines and utilization of flexible alternating current transmission system (FACTS) devices are closely associated. These devices are very important due to their role in power delivery system enhancement. It is to be noted that the generation companies can exercise their market power which depends on the line flows, line constraints, generators' location and its share to the individual loads. This issue cannot be overlooked as it creates monopoliness which is against the deregulated market policy. The objective of this paper is to study the impact of market power when FACTS devices like thyristor controlled switching capacitor (TCSC) and thyristor controlled phase angle regulator (TCPAR) are used under steady state operation. The market power is determined using nodal must-run share (NMRS) index for the standard IEEE 14-bus system with and without the above FACTS devices and the results obtained are compared. All the above simulations are conducted in a MATLAB 7.9-R2009b environment. Higher Education Press and Springer-Verlag Berlin Heidelberg, 2013 flexible alternating current transmission system (FACTS) nationallicence thyristor controlled switching capacitor (TCSC) nationallicence thyristor controlled phase angle regulator (TCPAR) nationallicence market power nationallicence must-run generation (MRG) nationallicence nodal must-run share (NMRS) nationallicence Prabhakar Karthikeyan Shanmugam School of Electrical Engineering, VIT University, 632014, Vellore, India aut Jacob Raglend I. School of Electrical Sciences, Noorul Islam University, 629180, Thakkalai, Nagercoil, India aut Kothari D. Raisoni Group of Institutions, 440001, Nagpur, India aut Frontiers in Energy Springer Berlin Heidelberg 7/4(2013-12-01), 448-455 2095-1701 7:4<448 2013 7 11708 https://doi.org/10.1007/s11708-013-0262-x text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11708-013-0262-x text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Prabhakar Karthikeyan Shanmugam School of Electrical Engineering, VIT University, 632014, Vellore, India aut NATIONALLICENCE 700 1- Jacob Raglend I. School of Electrical Sciences, Noorul Islam University, 629180, Thakkalai, Nagercoil, India aut NATIONALLICENCE 700 1- Kothari D. Raisoni Group of Institutions, 440001, Nagpur, India aut NATIONALLICENCE 773 0- Frontiers in Energy Springer Berlin Heidelberg 7/4(2013-12-01), 448-455 2095-1701 7:4<448 2013 7 11708 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer