Total Transfer Capability in Power system

Competition in the electric power industry between sellers and buyers in power marketing poses new challenges for power system companies and researchers to find the best strategy for having beneficial energy trading.The technical challenges are related to the generation and transmission. Managing an effective operation can be provided by minimizing the operational cost, maximizing utilization of generators and transmission lines.However, power transmission systems are limited by the power transfer limits.With the recent trend towards deregulating power systems around the world, transfer capability computation emerges as the key issue to a smoothly running power market with multiple transactions. Total transfer Capability (TTC) is the basic measure for evaluating Available transfer capability (ATC).