Abstract
The recent movement to deregulated and competitive electricity market requires new concepts in applying dispatch algorithms to system operation and planning. As power systems tend to be operated more closely to their ultimate ratings, the role of Contingency Constrained Optimal Power Flow is changed and the importance for security enhancement will be more increased in the new and competitive electricity market. This paper presents a contingency constrained optimal power flow (CCOPF) algorithm. The proposed algorithm maintains the nodal voltage levels and transmission line's power flow within the specified limits before and after a contingency. A case study demonstrates the proposed algorithm with the IEEE-14RTS under N-1 contingency criterion.