Social Welfare Maximization in Transmission Enhancement Considering Network Congestion

@article{Liu2008SocialWM,
  title={Social Welfare Maximization in Transmission Enhancement Considering Network Congestion},
  author={Hongrui Liu and Yanfang Shen and Z. Zabinsky and Chen-Ching Liu and Arbitrazh Courts and Sung-Kwan Joo},
  journal={IEEE Transactions on Power Systems},
  year={2008},
  volume={23},
  pages={1105-1114}
}
Transmission enhancement in a competitive electricity market is analyzed in terms of its impact on the social welfare. A formulation of social welfare and the utility functions are derived in this research. Variations of supply and demand during a year are considered in transmission enhancement decisions. The proposed social welfare optimization problem is solved to determine the transmission congestion status under the optimal condition of the existing system. Transmission enhancement options… CONTINUE READING
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