Transmission Expansion Planning Considering Economic and Reliability Criteria
This paper presents a transmission expansion planning model which combines the advantages of both the traditional reliability-based transmission planning model and economic (also known as value-based, economics-based, or market-based) transmission planning model. Reliability-based transmission planning tries to install new lines at minimal cost while fulfilling system reliability criteria. Economic transmission planning, on the other hand, seeks investment opportunities so that network expansions can generate more economic benefits than the costs. Benders decomposition technique is employed to separate the planning problem into one master problem, which makes investment decisions, and two sets of sub-problems, which evaluate the reliability and economic performance of the electric system, respectively. The proposed model is illustrated on a 5-bus system.
Y. Gu et al., "Transmission Expansion Planning Considering Economic and Reliability Criteria," Proceedings of the 2012 IEEE Power and Energy Society General Meeting (2012, San Diego, CA), pp. 1-8, Institute of Electrical and Electronics Engineers (IEEE), Jul 2012.
The definitive version is available at https://doi.org/10.1109/PESGM.2012.6345475
2012 IEEE Power and Energy Society General Meeting, PES 2012 (2012: Jul. 22-26, San Diego, CA)
Electrical and Computer Engineering
Keywords and Phrases
Benders Decomposition; Economic Benefits; Economic Performance; Economic Transmission Planning; Electric Systems; Investment Decisions; Market; Minimal Cost; Network Expansion; Planning Problem; Reliability Criterion; Sub-Problems; System Reliability; Transmission Expansion Planning; Transmission Planning; Value-Based; Commerce; Economics; Expansion; Investments; Planning; Reliability; Electric Power Transmission
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International Standard Serial Number (ISSN)
Article - Conference proceedings
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