Contingency Planning and Analysis in Deregulated Power Systems- Novel Method

The aim of the study presented in the paper is to propose a systematic simple method of Contingency Planning and Analysis. Contingency analysis is one of the basic power system studies. It refers to the security of the system operation under the loss of one or more of the major system components due to a random failure. The present day competitive market scenario demands zero tolerance for even single contingency. Therefore, there is great need to develop systematic plans which can be implemented to give fast and efficient results. The Novel Method proposed is tested on 9-Bus IEEE Test System and the results analyzed.