Long term transmission expansion planning : a simulated annealing based multiyear algorithm including long term marginal prices

• Type: Article in International Conference Proceedings Book
• Date: 2004

Authors

João Paulo Tomé Saraiva (Author) FEUP; A. S. D. Braga (Author) Other

Conference proceedings International

Title: Proceedings of the 8th PMAPS - Int. Conf. on Probabilistic Methods Applied to Power Systems

Pages: 551-556

8th PMAPS - Int. Conf. on Probabilistic Methods Applied to Power Systems

Indexing

ISI Web of Knowledge - 0 Citations

ISI Web of Science

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INSPEC

Scientific classification

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

CORDIS: Technological sciences > Engineering > Electrical engineering

Other information

Authenticus ID: P-000-DY0

Abstract (EN): In this paper we present a multiyear dynamic transmission expansion planning formulation considering criteria related with reliability and investment and operation costs. This problem is solved using an interactive method that starts at a non-dominated solution identified by the -constraint method, in which all objectives except one are converted in constraints using aspiration levels. Afterwards, the decision maker can modify the initial aspiration levels to improve some specific criteria. As a final result, the algorithm determines long term marginal prices, reflecting both investment and operation costs. These prices are well suited to tariff the use of networks as they transmit economic signals to users while addressing the Revenue Reconciliation Problem, typical when using short term approaches. The described approach was used to identify the most adequate 6 year expansion plan for the Portuguese transmission system, the long term marginal prices and the percentage of cost recovery.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 6