Summary:
Competitive markets expose transmission planners to new uncertainties. These are handled using a decision-analysis approach whose key contribution is quantifying and minimizing risk. The method is applied using existing and generally-available software tools. The result is transmission plan which is robust in the face of uncertainties. A study of a major proposed Central-American interconnection illustrates the problem and the method.
Keywords: Power transmission planning, decision-making, uncertainty, risk, robustness, competition
JCR Impact Factor and WoS quartile: 6,600 - Q1 (2022)
DOI reference:
https://doi.org/10.1109/59.761866
Published on paper: May 1999.
Published on-line: May 1999.
Citation:
T. De la Torre, J.W. Feltes, T. Gómez, H. Merrill, Deregulation, privatization, and competition: Transmission planning under uncertainty. IEEE Transactions on Power Systems. Vol. 14, nº. 2, pp. 460 - 465, May 1999. [Online: May 1999]
