Abstract
Security-constrained transmission expansion planning (SCTEP) is an inherently complex problem that requires simultaneously solving multiple contingency states of the system (usually corresponding to N-1 security criterion). Existing studies focus on effectively finding optimal solutions; however, single optimal solutions are not sufficient to interpret the value of flexibility (e.g., from energy storage systems) and support system planners in well-informed decision making. In view of planning uncertainties, it is necessary to estimate the contributions of flexibility to various objectives and prioritise the most effective investments. In this regard, this work introduces a SCTEP tool that enables interpreting the value of flexibility in terms of contributions to avoided load curtailment and total expected system cost reduction. Inspired by cooperative game theory, the tool ranks the contributions of flexibility providers and compares them against traditional line reinforcements. This information can be used by system planners to prioritise investments with higher contributions and synergistic capabilities.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.