Abstract
The market-based augmentation of the high voltage transmission systems as a legacy of the previous regulated regimes has been a challenging issue for the central transmission entities. The economic assessment framework for transmission upgrades or expansion projects, considering the interaction of the central transmission entity (CTE) with the electricity market management (MMC) company both as independent players needs to be addressed appropriately at least in the National Electricity Market, Australia. To assist in bridging this gap, this paper introduces a novel metric, namely, the L-Shape Area, for the economic assessment of the transmission expansion options. The proposed methodology employs a von Stackelberg game for the interaction modelling of the central transmission entity and the market management company. The upper subproblem minimises the objective of the CTE as the leader player and the lower subproblem solves the security-constrained economic dispatch as the follower subproblem. The bi-level programming problem has been solved by applying the Kuhn-Tucker optimality conditions to the follower subproblem and the use of a gradient search method to solve the resultant single level non-linear programming problem. A modified IEEE 14-bus test system has been used to show the effectiveness of the proposed formulation.
| Original language | English |
|---|---|
| Title of host publication | Proceedings of the Universities Power Engineering Conference |
| DOIs | |
| Publication status | Published - 2008 |
| Event | 43rd International Universities Power Engineering Conference, UPEC 2008 - Padova, Italy Duration: Sep 1 2008 → Sep 4 2008 |
Other
| Other | 43rd International Universities Power Engineering Conference, UPEC 2008 |
|---|---|
| Country | Italy |
| City | Padova |
| Period | 9/1/08 → 9/4/08 |
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Keywords
- High Voltage Transmission System
- Marketbased Augmentation
- Von Stackelberg Game
ASJC Scopus subject areas
- Energy Engineering and Power Technology
Cite this
Derivation of a new mathematical framework for transmission system augmentation using von stackelberg game. / Hesamzadeh, M. R.; Hosseinzadeh, N.; Wolfs, P. J.
Proceedings of the Universities Power Engineering Conference. 2008. 4651532.Research output: Chapter in Book/Report/Conference proceeding › Conference contribution
}
TY - GEN
T1 - Derivation of a new mathematical framework for transmission system augmentation using von stackelberg game
AU - Hesamzadeh, M. R.
AU - Hosseinzadeh, N.
AU - Wolfs, P. J.
PY - 2008
Y1 - 2008
N2 - The market-based augmentation of the high voltage transmission systems as a legacy of the previous regulated regimes has been a challenging issue for the central transmission entities. The economic assessment framework for transmission upgrades or expansion projects, considering the interaction of the central transmission entity (CTE) with the electricity market management (MMC) company both as independent players needs to be addressed appropriately at least in the National Electricity Market, Australia. To assist in bridging this gap, this paper introduces a novel metric, namely, the L-Shape Area, for the economic assessment of the transmission expansion options. The proposed methodology employs a von Stackelberg game for the interaction modelling of the central transmission entity and the market management company. The upper subproblem minimises the objective of the CTE as the leader player and the lower subproblem solves the security-constrained economic dispatch as the follower subproblem. The bi-level programming problem has been solved by applying the Kuhn-Tucker optimality conditions to the follower subproblem and the use of a gradient search method to solve the resultant single level non-linear programming problem. A modified IEEE 14-bus test system has been used to show the effectiveness of the proposed formulation.
AB - The market-based augmentation of the high voltage transmission systems as a legacy of the previous regulated regimes has been a challenging issue for the central transmission entities. The economic assessment framework for transmission upgrades or expansion projects, considering the interaction of the central transmission entity (CTE) with the electricity market management (MMC) company both as independent players needs to be addressed appropriately at least in the National Electricity Market, Australia. To assist in bridging this gap, this paper introduces a novel metric, namely, the L-Shape Area, for the economic assessment of the transmission expansion options. The proposed methodology employs a von Stackelberg game for the interaction modelling of the central transmission entity and the market management company. The upper subproblem minimises the objective of the CTE as the leader player and the lower subproblem solves the security-constrained economic dispatch as the follower subproblem. The bi-level programming problem has been solved by applying the Kuhn-Tucker optimality conditions to the follower subproblem and the use of a gradient search method to solve the resultant single level non-linear programming problem. A modified IEEE 14-bus test system has been used to show the effectiveness of the proposed formulation.
KW - High Voltage Transmission System
KW - Marketbased Augmentation
KW - Von Stackelberg Game
UR - http://www.scopus.com/inward/record.url?scp=68949200942&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=68949200942&partnerID=8YFLogxK
U2 - 10.1109/UPEC.2008.4651532
DO - 10.1109/UPEC.2008.4651532
M3 - Conference contribution
AN - SCOPUS:68949200942
SN - 9788889884096
BT - Proceedings of the Universities Power Engineering Conference
ER -