Abstract
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.
| Original language | English |
|---|---|
| Pages (from-to) | 233-241 |
| Number of pages | 9 |
| Journal | International Review of Electrical Engineering |
| Volume | 3 |
| Issue number | 2 |
| Publication status | Published - Apr 2008 |
| Externally published | Yes |
Keywords
- Electricity market
- Heuristic optimization technique
- Transmission expansion planning
ASJC Scopus subject areas
- Electrical and Electronic Engineering