Abstract
Abstract Existing transmission planning models consider basic aspects of the problem. In practice, a transmission utility needs to model other important details such as operation cost of the power system. In this article, a least cost transmission expansion model is proposed considering the operation cost in order to model the trade-off between building new transmission capacity and increasing the power system’s operation cost. The proposed model is transformed into a mixed integer linear programming problem using linearization techniques and solved with CPLEX. Finally, results of the model for the Garver test system and IEEE 24-bus test system are shown.
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