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Transmission Expansion Planning under Uncertainty for Investment Options with Various Lead-Times

Author

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  • Wook-Won Kim

    (Department of Electric and Computer Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 06974, Korea)

  • Jong-Keun Park

    (Department of Electric and Computer Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 06974, Korea)

  • Yong-Tae Yoon

    (Department of Electric and Computer Engineering, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 06974, Korea)

  • Mun-Kyeom Kim

    (Department of Energy System Engineering, Chung-Ang University, 84 Heukseok-ro, Dongjak-gu, Seoul 06974, Korea)

Abstract

Investment options of transmission expansion planning (TEP) involve different lead times according to their length, technology, and environmental and social impacts. TEP planners can utilize the various lead times to deal with the risk of uncertainty. This paper proposes a novel framework for TEP under an uncertain environment, which includes investment options with various lead times. A multi-stage model is developed to reflect the different lead times in the planning method. The level of demand uncertainty is represented using a relative standard deviation. Demand uncertainty in the presented multi-stage model and its influence on the optimal decision are studied. The problem is formulated as a mixed integer linear problem to which stochastic programming is applied, and the proposed framework is illustrated from case studies on a modified Garver’s six-bus system. The case studies verify the effectiveness of the framework for TEP problems with a mathematically tractable model and demonstrates that the proposed method achieves better performance than other methods when the problems involve investment candidates with various lead times under uncertain conditions.

Suggested Citation

  • Wook-Won Kim & Jong-Keun Park & Yong-Tae Yoon & Mun-Kyeom Kim, 2018. "Transmission Expansion Planning under Uncertainty for Investment Options with Various Lead-Times," Energies, MDPI, vol. 11(9), pages 1-19, September.
    • Handle: RePEc:gam:jeners:v:11:y:2018:i:9:p:2429-:d:169665
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    References listed on IDEAS

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    Cited by:

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    2. Ibrahim Alotaibi & Mohammed A. Abido & Muhammad Khalid & Andrey V. Savkin, 2020. "A Comprehensive Review of Recent Advances in Smart Grids: A Sustainable Future with Renewable Energy Resources," Energies, MDPI, vol. 13(23), pages 1-41, November.
    3. Faezeh Akhavizadegan & Lizhi Wang & James McCalley, 2020. "Scenario Selection for Iterative Stochastic Transmission Expansion Planning," Energies, MDPI, vol. 13(5), pages 1-18, March.
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    5. Sara Lumbreras & Sonja Wogrin & Guillermo Navarro & Ilaria Bertazzi & Maria Pereda, 2019. "A Decentralized Solution for Transmission Expansion Planning: Getting Inspiration from Nature," Energies, MDPI, vol. 12(23), pages 1-17, November.

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