Title :
Novel congested flowgate grouping methods in economic transmission planning
Author :
Rui Bo ; Jie Yan ; Wu, Chunlin ; Hecker, Liangying ; Tackett, Matthew ; Ming Ni
Author_Institution :
Mid-continent Indep. Transm. Syst. Operator (MISO), St. Paul, MN, USA
Abstract :
In value-based transmission planning, market efficiency and associated economic benefits can be achieved from transmission solutions that reduce system congestions. However, to accrue the most value and design the most cost effective transmission solution, it is beneficial to understand the interactions among congested flowgates and strategically address selected congestion issues collectively rather than individually. This paper proposes two methods to group congested flowgates: correlation method and OTDF method. The proposed methods have been applied to MISO system to demonstrate the effectiveness. Simulation results using hourly chronological SCUC/SCED tool show that up to 370% synergic benefits can be realized if identified groups of congested flowgates are addressed at the same time. The proposed methods are easy to implement, and have great computational advantage over existing simulation-based exhaustive method.
Keywords :
power markets; power transmission economics; power transmission planning; MISO system; OTDF method; associated economic benefits; chronological SCED tool; chronological SCUC tool; congested flowgate grouping methods; correlation method; economic transmission planning; market efficiency; mid continent independent transmission system operator; system congestion reduction; value-based transmission planning; Computational modeling; Correlation; Correlation coefficient; Economics; Limiting; Nickel; Planning; congested flowgates; cost allocation; economic benefit; flowgate grouping; power markets;
Conference_Titel :
PES General Meeting | Conference & Exposition, 2014 IEEE
Conference_Location :
National Harbor, MD
DOI :
10.1109/PESGM.2014.6939286