Approximations in power transmission planning: implications for the cost and performance of renewable portfolio standards

Muñoz, Francisco D.; Sauma, Enzo; Hobbs, Benjamin F.

doi:10.1007/s11149-013-9209-8

Cited by 76 publications

(55 citation statements)

References 27 publications

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“…We also present the model outcomes for a simplified static case, in which we assume average yearly demand levels, prices and wind generation instead of hourly values. This case connects to previous literature on impacts of simplification and resulting welfare losses (e.g., Birge, 1982, andMunoz et al, 2013). We show that the relative performance of incentive regulation is distorted in case of model simplifications.…”

supporting

confidence: 88%

Testing regulatory regimes for power transmission expansion with fluctuating demand and wind generation

2014

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Adequate extension of electricity transmission networks is required for integrating fluctuating renewable energy sources, such as wind power, into electricity systems. We study the performance of different regulatory approaches for network expansion in the context of realistic demand patterns and fluctuating wind power. In particular, we are interested in the relative performance of a combined merchant-regulatory price-cap mechanism compared to a cost-based and a non-regulated approach. We include both an hourly time resolution and fluctuating wind power. This substantially increases the realworld applicability of results compared to previous analyses. We show that a combined merchant-regulatory regulation, which draws upon a cap over the two-part tariff of the transmission company, leads to welfare outcomes superior to the other modeled alternatives. This result proves to be robust over a range of different cases, including such with large amounts of fluctuating wind power. We also evaluate the outcomes of our detailed model using the extension plans resulting from a simplified model based on average levels of load and wind power. We show that this distorts the relative performance of the different regulatory approaches. Terms of use: Documents in

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confidence: 88%

Testing regulatory regimes for power transmission expansion with fluctuating demand and wind generation

2014

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“…Indeed, power transmission represents a cornerstone when developing such policies [17]. In particular, the proposed methodology may help to identify and quantify some environmental effects of building the needed transmission infrastructure to support diverse energy policies.…”

Section: Discussionmentioning

confidence: 99%

“…Zhu and Chow [9] review several algorithms used for solving the GEP problem, while studies reviewing the TEP problem are numerous [10][11][12]. Some other authors propose the co-optimization of GEP and TEP problems [13][14][15][16][17][18][19]. As the co-optimization literature points out, one of the important benefits of co-optimizing transmission and generation investment is that induces more efficient generation investment.…”

Section: Introductionmentioning

confidence: 99%

Air-Pollution Impact of Transmission Line Capacity Expansions in Power Systems

Sauma

González

2017

Proceedings of the 50th Hawaii International Conference on System Sciences (2017)

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“…Kury (2013) has found RTOs do not produce cost savings in wholesale energy markets, as intended by FERC. 2 O n the other hand, most agree that transmission planning requires regional coordination to reduce costs and minimize congestion (Schuler, 2011;Munoz et al, 2013). In Order 1000 FERC required transmission planning at the regional level to produce a regional transmission plan, engage stakeholders in planning, create a fair costallocation methodology, and consider public policy requirements, including those within states and at the federal level (Farrell, 2012;FERC Staff, 2011).…”

Section: B Regional Transmission Organizationsmentioning

confidence: 99%

Planning for the Future of the Electric Power Sector through Regional Collaboratives

Scott¹,

Bernell²

2015

The Electricity Journal

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Approximations in power transmission planning: implications for the cost and performance of renewable portfolio standards

Cited by 76 publications

References 27 publications

Testing regulatory regimes for power transmission expansion with fluctuating demand and wind generation

Testing regulatory regimes for power transmission expansion with fluctuating demand and wind generation

Air-Pollution Impact of Transmission Line Capacity Expansions in Power Systems

Planning for the Future of the Electric Power Sector through Regional Collaboratives

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