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| Content Provider | IET Digital Library |
|---|---|
| Author | Karimi, Maziar Pirayesh, Abolfazl Kheradmandi, Morteza |
| Abstract | Transmission service providers (TSPs) have been facing unprecedented challenges in transmission expansion planning. The budget constraints place strict restrictions on transmission expansion projects, thus causing considerable delays in many transmission expansion projects. The inherent uncertainties and non-linear nature associated with the problem add further complications. To address these issues, a new structure is presented in which the generation companies (GenCos) are involved as investors in transmission expansion projects in the form of joint venture agreements. A cost-benefit analysis is carried out to seek the most profitable sub-plan for a GenCo from a number of expansion plans provided by the TSP. The profit function of the GenCo consists of both incremental expected profit earned from energy production and transmission investment return. The uncertainties associated with construction time of generation and transmission expansion projects are included in the proposed cost-benefit analysis. The method is applied to the IEEE 24-bus reliability test system. |
| Starting Page | 624 |
| Ending Page | 632 |
| Page Count | 9 |
| ISSN | 17518687 |
| Volume Number | 12 |
| e-ISSN | 17518695 |
| Issue Number | Issue 3, Feb (2018) |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/iet-gtd/12/3 |
| Alternate Webpage(s) | https://digital-library.theiet.org/content/journals/10.1049/iet-gtd.2017.0413 |
| Journal | IET Generation, Transmission & Distribution |
| Publisher Date | 2017-09-21 |
| Access Restriction | Open |
| Rights Holder | © The Institution of Engineering and Technology |
| Subject Keyword | Cost-benefit Analysis Electricity Market Energy Production GenCo Generating Companies IEEE 24-bus Reliability Test System Incremental Expected Profit Investment Joint Venture Agreements Power Generation Economics Power Market Power System Economics Power System Managemen Power System Operation Power System Planning And Layout Power Transmission Economics Power Transmission Planning Power Transmission, Distribution And Supply Transmission Expansion Planning Transmission Expansion Projects Transmission Investment Return Transmission Service Providers TSP |
| Content Type | Text |
| Resource Type | Article |
| Subject | Control and Systems Engineering Energy Engineering and Power Technology Electrical and Electronic Engineering |
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