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Improved cost–benefit analysis for market-based transmission planning, a European perspective

Author

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  • Papaemmanouil, A.
  • Bertling Tjernberg, L.
  • Tuan, L.A.
  • Andersson, G.

Abstract

This paper addresses the problem of transmission planning in interconnected power systems under the uncertainty of future generation parks and fast varying marginal production costs. The decision maker has to consider many different aspects during the definition of different transmission planning strategies that sometimes might even be contradicting. Major contributions are the incorporation of energy policy measurements in the evaluation process of candidate transmission plans and the inclusion of short- and long-term uncertainties. The proposed methodology, so-called C-TRAP, is based on a semi-dynamic heuristic approach that solves the social welfare maximization problem for several discrete steps considering different preferences for energy policy and transmission network reinforcements. The flexibility provided through the heuristic analysis is very important for decision makers in the new uncertain environment in power systems.

Suggested Citation

  • Papaemmanouil, A. & Bertling Tjernberg, L. & Tuan, L.A. & Andersson, G., 2013. "Improved cost–benefit analysis for market-based transmission planning, a European perspective," Energy Policy, Elsevier, vol. 63(C), pages 215-223.
    • Handle: RePEc:eee:enepol:v:63:y:2013:i:c:p:215-223
    DOI: 10.1016/j.enpol.2013.08.066
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    Citations

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    Cited by:

    1. Orhan Bozkurt & Sukru Dokur & Adem Yildirim, 2014. "The Importance of Cost Calculation Method in the Accounting and Management of Turkish Operating Costs. A Research within the Scope of TAS-2," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 4(2), pages 38-46, April.
    2. repec:hur:ijaraf:v:4:y:2014:i:2:p:42-50 is not listed on IDEAS
    3. Maria Dicorato & Gioacchino Tricarico & Giuseppe Forte & Francesca Marasciuolo, 2021. "Technical Indicators for the Comparison of Power Network Development in Scenario Evaluations," Energies, MDPI, vol. 14(14), pages 1-25, July.
    4. Enrico Maria Carlini & Alfonso De Cesare & Corrado Gadaleta & Chiara Giordano & Michela Migliori & Giuseppe Forte, 2022. "Assessment of Renewable Acceptance by Electric Network Development Exploiting Operation Islands," Energies, MDPI, vol. 15(15), pages 1-19, July.

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