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OPTIMAL POWER FLOW UNDER ELECTRICITY MARKET

YUAN Gui-chuan, WANG Jian-quan, HAN Zhen-xiang (Department of Electrical Engineering, Zhejiang University, Hangzhou 310027, Zhejiang Province, China)  
With the deregulation of power industry and the generalization of electricity market in China, optimal Power Flow (OPF) plays a more and more important role to solve the new problems which occur under the environment of electricity market. The meaning of researching OPF under electricity market is dissertated and the development of OPF is reviewed in brief. The new trends and the problems which may be faced with in solving transmission congestion and transient stability by OPF are emphatically presented.
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