TY - JOUR
T1 - A market-based heuristic algorithm for the expansion planning of the high voltage transmission systems
AU - Hesamzadeh, Mohammad R.
AU - Hosseinzadeh, Nasser
AU - Wolfs, Peter J.
PY - 2008/4
Y1 - 2008/4
N2 - The worldwide trend for the restructuring of electric industry has caused dramatic changes in operation and planning procedures of the power system. Under the restructured electricity market environment, identifying a minimum-cost plan under particular constraints is not sufficient anymore and other aspects such as market efficiency and environmental concerns are of equal importance. In this context, network augmentation plays a vital role in providing a full competitive environment for market players. This paper presents a novel forward heuristic algorithm to select the most effective expansion options based on a set of market-based and reliability-based sensitivity indices. These indices are used for multi-evaluation of each transmission option from the viewpoint of electricity market and reliability criteria. The proposed method has been applied on a 6-bus test system for verifying its effectiveness.
AB - The worldwide trend for the restructuring of electric industry has caused dramatic changes in operation and planning procedures of the power system. Under the restructured electricity market environment, identifying a minimum-cost plan under particular constraints is not sufficient anymore and other aspects such as market efficiency and environmental concerns are of equal importance. In this context, network augmentation plays a vital role in providing a full competitive environment for market players. This paper presents a novel forward heuristic algorithm to select the most effective expansion options based on a set of market-based and reliability-based sensitivity indices. These indices are used for multi-evaluation of each transmission option from the viewpoint of electricity market and reliability criteria. The proposed method has been applied on a 6-bus test system for verifying its effectiveness.
KW - Electricity market
KW - Heuristic optimization technique
KW - Transmission expansion planning
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M3 - Article
AN - SCOPUS:65849366518
SN - 1827-6660
VL - 3
SP - 233
EP - 241
JO - International Review of Electrical Engineering
JF - International Review of Electrical Engineering
IS - 2
ER -