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Market Oriented Transmission Expansion Planning
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.ORCID iD: 0000-0003-3135-6088
Mälardalen University, School of Business, Society and Engineering, Future Energy Center.ORCID iD: 0000-0003-0300-0762
2021 (English)In: Energy Proceedings, Scanditale AB , 2021, Vol. 16Conference paper, Published paper (Refereed)
Abstract [en]

The reform of electricity market in China has made the market participants more active, which has posed a series of challenges for the power system planning with high penetration of renewable energy. This paper proposed a price-driven bi-level model for transmission expansion planning. At the upper level, the investment cost and operation cost of the transmission system is comprehensively considered. While at the lower level, the market clearing model is established, i.e., energy market and reserve market. The local marginal prices are obtained to guide the expansion planning of the upper level. By integrating the market clearing model of the lower level using Karush-Kuhn-Tucker condition, a mixed-integer nonlinear programming problem is formulated, which is further solved by a Heuristic method. In the case study, a modified Garver-6 bus system is utilized to verify the validity of the proposed method.

Place, publisher, year, edition, pages
Scanditale AB , 2021. Vol. 16
Keywords [en]
electricity market, local marginal price, optimization, transmission expansion planning
National Category
Energy Engineering
Identifiers
URN: urn:nbn:se:mdh:diva-66554DOI: 10.46855/energy-proceedings-8392Scopus ID: 2-s2.0-85190826042OAI: oai:DiVA.org:mdh-66554DiVA, id: diva2:1857738
Conference
Applied Energy Symposium: Low carbon cities and urban energy systems, 2021. Matsue. 4 September 2021 through 8 September 2021
Available from: 2024-05-14 Created: 2024-05-14 Last updated: 2024-12-19Bibliographically approved

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Wang, XiaolinYan, Jinyue

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  • asciidoc
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