Transmission network investment in liberalized power markets /

Transmission network investment in liberalized power markets /

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Bibliographic Details
Imprint:Cham, Switzerland : Springer, 2020.
Description:1 online resource
Language:English
Series:Lecture notes in energy, 2195-1284 ; v. 79
Lecture notes in energy ; 79.
Subject:
Electric power transmission -- Economic aspects.
Electric utilities -- Management.
Electric power transmission -- Economic aspects.
Electric utilities -- Management.
Electronic books.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12607514
Hidden Bibliographic Details
Other authors / contributors:Hesamzadeh, Mohammad.
RoselloĢn, Juan.
Vogelsang, Ingo.
ISBN:9783030479299
3030479293
3030479285
9783030479282
Summary:This book provides a systematic overview of transmission network investment in liberalized power markets. Recent government policies to increase the share of intermittent renewable power generation and other technological innovations present new theoretical as well as practical challenges for transmission investments. Written by experts with a background in both economics and engineering, the book examines the economic and technical fundamentals of regulated and merchant transmission investment, and includes case studies of transmission investment in a number of countries. The book is divided into four parts: Part 1 introduces the basic economics and engineering of transmission network investment, while Part 2 discusses merchant investment in the transmission network. Part 3 then examines transmission investment coordination and smart grids, and lastly, Part 4 describes practical experiences of transmission network investment in power market in various countries.
Other form:Original 3030479285 9783030479282
Standard no.:10.1007/978-3-030-47929-9
10.1007/978-3-030-47
Table of Contents:
  • Intro
  • Contents
  • An Introduction to Transmission Network Investment in the New Market Regime
  • Basic Economics and Engineering of Transmission Network Investment
  • Definition and Theory of Transmission Network Planning
  • 1 Introduction
  • 1.1 Factors Affecting Transmission Expansion Planning
  • 1.2 Transmission Investment Financing and Coordination
  • 2 Literature Survey
  • 2.1 Solution Methods
  • 2.2 Power System Adequacy and Reliability
  • 2.3 Uncertainties
  • 3 Transmission Expansion Planning Formulation and Decomposition Techniques
  • 3.1 Two-Stage Stochastic TEP Formulation
  • 3.2 Robust Optimization TEP Formulation
  • 3.3 Constraint Filtering and Optimization Problem Size Reduction
  • 3.4 Decomposition Techniques
  • 4 A Generalized Framework for Stochastic TEP Studies
  • 4.1 Framework Overview
  • 4.2 Scenario Bundling
  • 4.3 Model Performance Discussion
  • 5 Case Study and Numerical Results
  • 5.1 13-Bus Test System
  • 5.2 Reduced ERCOT System
  • 5.3 Full ERCOT System-High Load Growth Area Project
  • References
  • Regulated Expansion of the Power Transmission Grid
  • 1 Introduction
  • 2 The Story in Words
  • 2.1 A New Set of Problems
  • 2.2 Locational Marginal Prices
  • 2.3 Regulated Transmission Expansion
  • 2.4 Fixed Cost Recovery
  • 2.5 Governance Issues
  • 3 Short-Term Congestion Management
  • 3.1 Setup
  • 3.2 Interconnection Unconstrained
  • 3.3 Locational Marginal Pricing
  • 3.4 Countertrading
  • 4 Transmission Grid Expansion Under Different Regimes
  • 4.1 Optimal Transmission Capacity
  • 4.2 The Congestion Rent Does Not Induce Optimal Grid Expansion
  • 4.3 Optimal Regulation of a Monopoly Transmission Company
  • 5 Extension to a General Network
  • 5.1 Setup
  • 5.2 Characterization of the Optimal Dispatch
  • 5.3 Merchandizing Surplus
  • 5.4 Optimal Transmission Capacity
  • 5.5 Optimal Regulatory Contract
  • 6 Concluding Observations
  • References
  • Transmission Planning and Operation in the Wholesale Market Regime
  • 1 Introduction
  • 2 Grid Reliability in the Vertically-Integrated Monopoly Versus Wholesale Market Regime
  • 3 Optimal Configuration of Transmission Network in the Vertically-Integrated Monopoly Versus Wholesale Market Regime
  • 3.1 Second-Best Solutions for Monopoly and Wholesale Market Regimes
  • 3.2 Why Wholesale Market Regime Is Likely to Require More Transmission Capacity?
  • 4 Consequences of Continuing to Rely on Methodologies from the Vertically-Integrated Monopoly Regime
  • 5 A Methodology for Evaluating Transmission Expansions in the Wholesale Market Regime
  • 5.1 Modeling Challenges in the Wholesale Market Regime
  • 5.2 A General Forward-Looking Methodology
  • 5.3 Implementing a Forward-Looking Transmission Planning Process
  • 5.4 Modeling Policy-Driven Future Entry Decisions
  • 6 Increased Sophistication of Transmission Planning Process
  • 6.1 The Downside of Open Access
  • 6.2 The Form of Congestion Management Matters for Benefits Measurement

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