A new strategy for transmission expansion in competitive electricity markets

Risheng Fang; David J. Hill

doi:10.1109/TPWRS.2002.807083

A new strategy for transmission expansion in competitive electricity markets

Risheng Fang
, David J. Hill

Research output: Contribution to journal › Article › Research › peer-review

317 Citations (Scopus)

Abstract

It will be important to develop a transmission network capable of handling future generation and load patterns in a deregulated, unbundled, and competitive electricity market. A new strategy for transmission expansion under a competitive market environment is therefore presented in this paper. In the proposed strategy, a new transmission planning model is developed to consider a variety of market-driven power-flow patterns while a decision analysis scheme is incorporated to minimize the risk of the selected plan. Numerical examples are given to illustrate the potential of the proposed strategy to make a significant contribution to transmission planning in competitive markets.

Original language	English
Pages (from-to)	374-380
Number of pages	7
Journal	IEEE Transactions on Power Systems
Volume	18
Issue number	1
DOIs	https://doi.org/10.1109/TPWRS.2002.807083
Publication status	Published - Feb 2003
Externally published	Yes

Keywords

Decision analysis
Electricity markets
Optimization
Transmission planning

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10.1109/TPWRS.2002.807083

Cite this

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abstract = "It will be important to develop a transmission network capable of handling future generation and load patterns in a deregulated, unbundled, and competitive electricity market. A new strategy for transmission expansion under a competitive market environment is therefore presented in this paper. In the proposed strategy, a new transmission planning model is developed to consider a variety of market-driven power-flow patterns while a decision analysis scheme is incorporated to minimize the risk of the selected plan. Numerical examples are given to illustrate the potential of the proposed strategy to make a significant contribution to transmission planning in competitive markets.",

keywords = "Decision analysis, Electricity markets, Optimization, Transmission planning",

author = "Risheng Fang and Hill, \{David J.\}",

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AB - It will be important to develop a transmission network capable of handling future generation and load patterns in a deregulated, unbundled, and competitive electricity market. A new strategy for transmission expansion under a competitive market environment is therefore presented in this paper. In the proposed strategy, a new transmission planning model is developed to consider a variety of market-driven power-flow patterns while a decision analysis scheme is incorporated to minimize the risk of the selected plan. Numerical examples are given to illustrate the potential of the proposed strategy to make a significant contribution to transmission planning in competitive markets.

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KW - Electricity markets

KW - Optimization

KW - Transmission planning

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A new strategy for transmission expansion in competitive electricity markets

Abstract

Keywords

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