7. Conclusions

In this chapter, a complete literature review is made on how cubic spline interpolation technique has been widely used in power systems application. ATC calculation, electric arc furnace modeling, static var compensation, voltage stability margin and market power estimation are some of the areas where cubic spline interpolation techniques are extensively used. The independent system operator (ISO), utilities and consumers can utilize this tool to predict the behaviour of the system/generation companies/utilities and bring back the system towards economic/system stability.
