Market-Based Transmission Expansion Planning

Pavel Sergeyevich Drachev, Victor Vasilyevich Trufanov

Laboratory of Development of Electric Power Systems, Energy Systems Institute, Irkutsk, Russia.

DOI: 10.4236/epe.2012.46051                

Abstract

The paper presents the main features of transmission expansion problem (TEP). In accord with review the aims and influencing factors are defined. The competitive behaviors of market participants, transmission losses, discrete investment costs, various operating conditions are considered in the model. The model is a mixed-integer linear programming formulation for a static TEP in the competitive environment. The presented methodology is applied to six-node system. In order to point out efficiency of the model the results obtained are compared with traditional problem solution.

Keywords

Electricity Market Modeling; Long-Term Transmission Planning; Social Welfare

Conflicts of Interest

The authors declare no conflicts of interest.

References

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