TY - JOUR
T1 - Proactive transmission expansion planning with storage considerations
AU - Gonzalez-Romero, Isaac Camilo
AU - Wogrin, Sonja
AU - Gomez, Tomas
PY - 2019/4
Y1 - 2019/4
N2 - Under the current European market environment, transmission companies have to decide network expansion by maximizing social welfare. However, generation companies (GENCOs) decide their capacity expansion with the aim of maximizing their own profit. This process, in addition to the increasing penetration of renewable energy, storage and distributed generation, might represent a rupture between short and long-term signals. Therefore, this paper proposes a bi-level formulation for the generation and transmission coordination problem (GEPTEP). We consider a proactive framework in which a centralized TSO represents the upper level while the decentralized GENCOs, that trade in the market, represent the lower level. As a novel feature, an enhanced representative period framework is employed, which allows us to consider operation in both short and long-term storage technologies. A case study is presented to compare the results between perfect and imperfect competition in the market.
AB - Under the current European market environment, transmission companies have to decide network expansion by maximizing social welfare. However, generation companies (GENCOs) decide their capacity expansion with the aim of maximizing their own profit. This process, in addition to the increasing penetration of renewable energy, storage and distributed generation, might represent a rupture between short and long-term signals. Therefore, this paper proposes a bi-level formulation for the generation and transmission coordination problem (GEPTEP). We consider a proactive framework in which a centralized TSO represents the upper level while the decentralized GENCOs, that trade in the market, represent the lower level. As a novel feature, an enhanced representative period framework is employed, which allows us to consider operation in both short and long-term storage technologies. A case study is presented to compare the results between perfect and imperfect competition in the market.
KW - Bi-level
KW - Generation expansion
KW - Proactive
KW - Storage
KW - Strategic
KW - Transmission expansion
UR - http://www.scopus.com/inward/record.url?scp=85062734208&partnerID=8YFLogxK
U2 - 10.1016/j.esr.2019.02.006
DO - 10.1016/j.esr.2019.02.006
M3 - Article
AN - SCOPUS:85062734208
SN - 2211-467X
VL - 24
SP - 154
EP - 165
JO - Energy Strategy Reviews
JF - Energy Strategy Reviews
ER -