DocumentCode :
2826075
Title :
Market-based transmission expansion planning under uncertainty
Author :
Gu, Yang ; McCalley, James
Author_Institution :
Dept. of Electr. & Comput. Eng., Iowa State Univ., Ames, IA, USA
fYear :
2010
fDate :
26-28 Sept. 2010
Firstpage :
1
Lastpage :
6
Abstract :
This paper presents a market-based transmission expansion planning model, which seeks to find investment opportunities that will bring more economic benefits than the costs. Benders decomposition method is used to decompose the whole planning problem into a master problem, which makes investment decisions, and a slave problem, which simulates the operation of the electric market. Uncertainties appearing in the planning process are analyzed systematically and classified into random and non-random uncertainties. Monte Carlo simulation method is applied to simulate random uncertainties, while robustness testing method is employed to incorporate nonrandom uncertainties. The case study illustrates the application of the proposed model in a competitive electricity market with double-sided auctions.
Keywords :
power markets; power transmission planning; Monte Carlo simulation; decomposition method; electricity market; market based transmission expansion planning; Fuels; Generators; Investments; Monte Carlo methods; Planning; Uncertainty; Wind turbines; Benders decomposition; Monte Carlo simulation; Transmission expansion planning; electric market; uncertainty;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
North American Power Symposium (NAPS), 2010
Conference_Location :
Arlington, TX
Print_ISBN :
978-1-4244-8046-3
Type :
conf
DOI :
10.1109/NAPS.2010.5619975
Filename :
5619975
Link To Document :
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