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| Content Provider | IET Digital Library |
|---|---|
| Author | Ranjbar, Hossein Hosseini, Seyed Hamid |
| Abstract | In recent years, while energy consumption is still increasing, system peak load is decreasing due to deregulation in power systems, application of demand response programmes, microgrids and smart grids implementation, and so on. Thus, transmission system operators (TSOs), which are usually a public entity, must reinforce the transmission systems to maintain power system reliability. They are not interested in investing transmission network because of high investment costs. In this regard, this study presents a new bi-level model for co-planning of transmission system and merchant distributed energy resources (DERs). The upper level takes the TSOs perspective and aims to minimise the line investment cost and cost of buying energy from conventional generators and DERs, while ensuring a given rate of return on DERs investments. The lower level simulates market clearing to find nodal prices for calculating DERs' profit and cost of buying energy. The proposed model is reformulated as a single-level mixed integer linear programming problem by strong duality technique, bigM method, and the complementary slackness conditions. The IEEE RTS 24 bus test system has been used to show the usefulness of the proposed model. |
| Starting Page | 3003 |
| Ending Page | 3010 |
| Page Count | 8 |
| ISSN | 17518687 |
| Volume Number | 13 |
| e-ISSN | 17518695 |
| Issue Number | Issue 14, Jul (2019) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-gtd/13/14 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2018.6324 |
| Journal | IET Generation, Transmission & Distribution |
| Publisher Date | 2019-05-22 |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | Bi-level Model Buying Energy DERs Investments Distributed Power Generation Energy Consumption High Investment Cost IEEE RTS 24 Bus Test System Integer Programming Investment Line Investment Cost Linear Programming Merchant Distributed Energy ReSource Optimisation Technique Power Market Power System Power System Economics Power System Managemen Power System Operation Power System Reliability Power System Security Power Transmission Economics Pricing Reliability Smart Power Grid Stochastic Multistage Model System Peak Load Transmission Network Transmission System Operators |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering |
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