What is the cost of disregarding market feedback in transmission expansion planning?

Isaac Camilo Gonzalez-Romero, Sonja Wogrin, Tomas Gomez

Publikation: Beitrag in Buch/Bericht/KonferenzbandBeitrag in einem Konferenzband

Abstract

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. A case study is presented to evaluate different policy planning objectives. Additionally, the planning results of the bilevel framework (considering both perfect competition and Cournot oligopoly in the lower level) are compared with a traditional cost minimization framework.

Originalspracheenglisch
TitelSEST 2019 - 2nd International Conference on Smart Energy Systems and Technologies
Herausgeber (Verlag)Institute of Electrical and Electronics Engineers
ISBN (elektronisch)9781728111568
DOIs
PublikationsstatusVeröffentlicht - Sep 2019
Extern publiziertJa
Veranstaltung2nd International Conference on Smart Energy Systems and Technologies, SEST 2019 - Porto, Portugal
Dauer: 9 Sep 201911 Sep 2019

Publikationsreihe

NameSEST 2019 - 2nd International Conference on Smart Energy Systems and Technologies

Konferenz

Konferenz2nd International Conference on Smart Energy Systems and Technologies, SEST 2019
LandPortugal
OrtPorto
Zeitraum9/09/1911/09/19

ASJC Scopus subject areas

  • Artificial intelligence
  • !!Computer Networks and Communications
  • !!Energy Engineering and Power Technology
  • !!Renewable Energy, Sustainability and the Environment
  • !!Electrical and Electronic Engineering
  • !!Control and Optimization

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