Deregulation, privatization, and competition: transmission planning under uncertainty

Torre, Teresina; Feltes, J.W.; Román, Tomás Gómez San; Merrill, H.M.

doi:10.1109/59.761866

Cited by 129 publications

(32 citation statements)

References 4 publications

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“…Today's new environment brings new uncertainties and risks [1][2][3][4][5][6][7][8][9][10][11][12][13][14]. Different stakeholders see different risks .…”

Section: Financial Risk Managementmentioning

confidence: 99%

Asset Management

Morton¹,

Walton²

2001

Power System Restructuring and Deregulation

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“…Today's new environment brings new uncertainties and risks [1][2][3][4][5][6][7][8][9][10][11][12][13][14]. Different stakeholders see different risks .…”

Section: Financial Risk Managementmentioning

confidence: 99%

Asset Management

Morton¹,

Walton²

2001

Power System Restructuring and Deregulation

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“…This interaction between Genco and TranCo leads to a new scheme of GEP & TEP that considers both entities' profit. In such an environment, Game Theory (GT) seems to be a useful method to handle a combinatorial strategy for Gencos and TransCos for generation expansion capacity and transmission expansion capacity while evaluates the power market equilibrium [6][7][8][9][10]. TEP and GEP have been studied separately in many researches but the interaction between two in a deregulated environment is studied in a few papers.…”

Section: Introductionmentioning

confidence: 99%

Transmission and generation expansion planning considering loadability limit using game theory & ANN

Jahromi

Bioki

Rashidinejad

et al. 2012

2012 11th International Conference on Environment and Electrical Engineering

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Transmission and generation expansion planning (TEP and GEP) considering loadability limit of power system is studied in this paper. Artificial neural network (ANN) technique is used to evaluate loadability limit of the power system because of its sensitivity characteristic. Power system restructuring and separation of decision-making organizations of transmission and generation expansion, make coordination between generation and transmission companies more crucial. On the other hand, voltage stability is one of the indicators of power system security level. In this paper, first the load pattern of a six-bus power system is improved and then the best bus for load increment is determined using sensitivity characteristic of ANN. Afterwards the strategic interaction between transmission company (TransCo) and generation company (GenCo) for TEP and GEP in a competitive electricity market is proposed using Game Theory (GT). The proposed algorithm comprises three optimization levels to determine Nash equilibrium such that the most profitable strategy for both sides of the game can be found out in an expansion planning game.

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“…HE need for new transmission planning processes that respond to the new demands of a restructured power industry is widely acknowledged [1][2][3][4][5][6][7][8][9]. Unlike the previous vertically integrated regime in which a single regulated utility was responsible for serving its load, the restructured wholesale electric market is comprised of a variety of parties independently making decisions that affect the utilization of transmission lines.…”

Section: Introductionmentioning

confidence: 99%

The California ISO transmission economic assessment methodology (TEAM): principles and application to Path 26

Awad¹,

Broad²,

Casey³

et al. 2006

2006 IEEE Power Engineering Society General Meeting

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In response to the novel requirements that restructured power markets place upon transmission planning, a method for assessing the economic benefits of transmission upgrades has been adopted by the California Independent System Operator (CAISO). Economic effects considered include reductions in the cost of constructing and operating power plants along with changes in market prices. The methodology accounts for how transmission upgrades mitigate market power by increasing the size of a supplier's geographic market. The methodology has five key principles: consideration of multiple perspectives (consumers, generators, transmission operators, and society at large); full network representation using a linearized DC loadflow; market-based pricing, accounting for strategic behavior by generators; modeling of uncertainty, including the value of transmission as insurance against extreme events; and recognition of how supply, demand-side, and transmission resources can substitute for each other. An application to a possible expansion of Path 26 in California is summarized. The application shows how a substantial portion of the benefits of transmission reinforcements can derive from their mitigation of market power.

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Deregulation, privatization, and competition: transmission planning under uncertainty

Cited by 129 publications

References 4 publications

Asset Management

Asset Management

Transmission and generation expansion planning considering loadability limit using game theory & ANN

The California ISO transmission economic assessment methodology (TEAM): principles and application to Path 26

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