Transmission network investment in liberalized power markets

Transmission network investment in liberalized power markets / Mohammad Reza Hesamzadeh, Juan Rosellón, Ingo Vogelsang, editors.

This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transm...

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Bibliographic Details
Other Authors: Hesamzadeh, Mohammad, Rosellón, Juan, Vogelsang, Ingo
Format: eBook
Language:English
Published: Cham, Switzerland : Springer, 2020.
Series:Lecture notes in energy ; 79.
Subjects:
Electric power transmission > Economic aspects.
Electric utilities > Management.
Alternative & renewable energy sources & technology.
Energy technology & engineering.
Environmental economics.
Technology & Engineering > Power Resources > Alternative & Renewable.
Business & Economics > Industries > Energy Industries.
Business & Economics > Economics > General.
Electric power transmission > Economic aspects
Electric utilities > Management
Online Access:Click for online access
Table of Contents:
  • Intro
  • Contents
  • An Introduction to Transmission Network Investment in the New Market Regime
  • Basic Economics and Engineering of Transmission Network Investment
  • Definition and Theory of Transmission Network Planning
  • 1 Introduction
  • 1.1 Factors Affecting Transmission Expansion Planning
  • 1.2 Transmission Investment Financing and Coordination
  • 2 Literature Survey
  • 2.1 Solution Methods
  • 2.2 Power System Adequacy and Reliability
  • 2.3 Uncertainties
  • 3 Transmission Expansion Planning Formulation and Decomposition Techniques
  • 3.1 Two-Stage Stochastic TEP Formulation
  • 3.2 Robust Optimization TEP Formulation
  • 3.3 Constraint Filtering and Optimization Problem Size Reduction
  • 3.4 Decomposition Techniques
  • 4 A Generalized Framework for Stochastic TEP Studies
  • 4.1 Framework Overview
  • 4.2 Scenario Bundling
  • 4.3 Model Performance Discussion
  • 5 Case Study and Numerical Results
  • 5.1 13-Bus Test System
  • 5.2 Reduced ERCOT System
  • 5.3 Full ERCOT System-High Load Growth Area Project
  • References
  • Regulated Expansion of the Power Transmission Grid
  • 1 Introduction
  • 2 The Story in Words
  • 2.1 A New Set of Problems
  • 2.2 Locational Marginal Prices
  • 2.3 Regulated Transmission Expansion
  • 2.4 Fixed Cost Recovery
  • 2.5 Governance Issues
  • 3 Short-Term Congestion Management
  • 3.1 Setup
  • 3.2 Interconnection Unconstrained
  • 3.3 Locational Marginal Pricing
  • 3.4 Countertrading
  • 4 Transmission Grid Expansion Under Different Regimes
  • 4.1 Optimal Transmission Capacity
  • 4.2 The Congestion Rent Does Not Induce Optimal Grid Expansion
  • 4.3 Optimal Regulation of a Monopoly Transmission Company
  • 5 Extension to a General Network
  • 5.1 Setup
  • 5.2 Characterization of the Optimal Dispatch
  • 5.3 Merchandizing Surplus
  • 5.4 Optimal Transmission Capacity
  • 5.5 Optimal Regulatory Contract
  • 6 Concluding Observations
  • References
  • Transmission Planning and Operation in the Wholesale Market Regime
  • 1 Introduction
  • 2 Grid Reliability in the Vertically-Integrated Monopoly Versus Wholesale Market Regime
  • 3 Optimal Configuration of Transmission Network in the Vertically-Integrated Monopoly Versus Wholesale Market Regime
  • 3.1 Second-Best Solutions for Monopoly and Wholesale Market Regimes
  • 3.2 Why Wholesale Market Regime Is Likely to Require More Transmission Capacity?
  • 4 Consequences of Continuing to Rely on Methodologies from the Vertically-Integrated Monopoly Regime
  • 5 A Methodology for Evaluating Transmission Expansions in the Wholesale Market Regime
  • 5.1 Modeling Challenges in the Wholesale Market Regime
  • 5.2 A General Forward-Looking Methodology
  • 5.3 Implementing a Forward-Looking Transmission Planning Process
  • 5.4 Modeling Policy-Driven Future Entry Decisions
  • 6 Increased Sophistication of Transmission Planning Process
  • 6.1 The Downside of Open Access
  • 6.2 The Form of Congestion Management Matters for Benefits Measurement

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