Abstract
This chapter introduces models for power transmission system enhancement by integrating economic analysis of the transmission cost to accommodate an informed business decision. Continuous and discrete control schemes are proposed as an alternative to transmission expansion to optimize cost effectiveness. Furthermore, this chapter investigates complex planning issues such as transmission limits and general models of series and shunt capacitor switching that allow the planner to carry out an analysis of electricity market efficiency using alternate transmission expansion scenarios. An interesting conclusion is provided that advocates the design of an electricity market based on control expansion efficiency.
Original language | English |
---|---|
Title of host publication | Economic Market Design and Planning for Electric Power Systems |
Publisher | John Wiley & Sons Inc. |
Pages | 181-236 |
Number of pages | 56 |
ISBN (Print) | 9780470472088 |
DOIs | |
State | Published - 7 Dec 2009 |
Keywords
- Market efficiency and transmission investment
- Models for transmission expansion planning based on reconfigurable capacitor switching
- Planning processes-engineering analyses and cost responsibilities
ASJC Scopus subject areas
- General Energy