Market-based transmission expansion planning under uncertainty

  title={Market-based transmission expansion planning under uncertainty},
  author={Yang Gu and James D. McCalley},
  journal={North American Power Symposium 2010},
This paper presents a market-based transmission expansion planning model, which seeks to find investment opportunities that will bring more economic benefits than the costs. Benders decomposition method is used to decompose the whole planning problem into a master problem, which makes investment decisions, and a slave problem, which simulates the operation of the electric market. Uncertainties appearing in the planning process are analyzed systematically and classified into random and non… CONTINUE READING