Transmission expansion planning considering economic and reliability criteria

Citation data:

2012 IEEE Power and Energy Society General Meeting, ISSN: 1944-9925, Page: 1-8

Publication Year:
2012
Usage 2
Abstract Views 2
Captures 15
Readers 15
Citations 6
Citation Indexes 6
Repository URL:
http://scholarsmine.mst.edu/ele_comeng_facwork/2695
DOI:
10.1109/pesgm.2012.6345475
Author(s):
Gu, Yang; Ni, Ming; Bo, Rui
Publisher(s):
Institute of Electrical and Electronics Engineers (IEEE)
Tags:
Energy; Engineering; 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; 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; Electrical and Computer Engineering
conference paper description
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. © 2012 IEEE.