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A scenario-based transmission network expansion planning in electricity markets
Published in Institute of Electrical and Electronics Engineers Inc.
2017
Abstract
It is important to handle the transmission network expansion planning problem under restructured power systems to allow fair competition in the system. A scenario-based two-stage Transmission Network Expansion Planning (TNEP) is presented in the paper and solved using a meta-heuristic algorithm. Various scenarios, for market-driven power flow patterns is considered in a 6-bus Garver Test System, and Differential Evolution is employed to solve the traditional Transmission Network Expansion planning problems in each scenario. A decision making scheme based on risk analysis is employed to select a plan with minimum risk. In this paper it is assumed that the market players trade only via pool market model, where bid pricing affects the generator loading. © 2016 IEEE.
About the journal
JournalData powered by Typeset2016 National Power Systems Conference, NPSC 2016
PublisherData powered by TypesetInstitute of Electrical and Electronics Engineers Inc.
Open AccessNo
Concepts (21)
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    Commerce
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    Decision making
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    Electric load flow
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    Electric power transmission
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    Electric power transmission networks
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    Evolutionary algorithms
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    Expansion
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    Heuristic algorithms
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    Optimization
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    Power markets
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    Risk analysis
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    Risk assessment
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    Differential evolution
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    MARKET DRIVEN
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    MARKET PLAYERS
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    META HEURISTIC ALGORITHM
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    MINIMUM RISKS
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    Restructured power systems
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    SCENARIO-BASED
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    TRANSMISSION NETWORK EXPANSION PLANNING
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    Electric power system planning