A Three-Level Static MILP Model for Generation and Transmission Expansion Planning
We present a three-level equilibrium model for the expansion of an electric network. The lower-level model represents the equilibrium of a pool-based market; the intermediate level represents the Nash equilibrium in generation capacity expansion, taking into account the outcomes on the spot market;...
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| Published in | IEEE transactions on power systems Vol. 28; no. 1; pp. 202 - 210 |
|---|---|
| Main Authors | , , |
| Format | Journal Article |
| Language | English |
| Published |
New York
IEEE
01.02.2013
The Institute of Electrical and Electronics Engineers, Inc. (IEEE) |
| Subjects | |
| Online Access | Get full text |
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| Abstract | We present a three-level equilibrium model for the expansion of an electric network. The lower-level model represents the equilibrium of a pool-based market; the intermediate level represents the Nash equilibrium in generation capacity expansion, taking into account the outcomes on the spot market; and the upper-level model represents the anticipation of transmission expansion planning to the investment in generation capacity and the pool-based market equilibrium. The demand has been considered as exogenous and locational marginal prices are obtained as endogenous variables of the model. The three-level model is formulated as a mixed integer linear programming (MILP) problem. The model is applied to a realistic power system in Chile to illustrate the methodology and proper conclusions are reached. |
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| AbstractList | We present a three-level equilibrium model for the expansion of an electric network. The lower-level model represents the equilibrium of a pool-based market; the intermediate level represents the Nash equilibrium in generation capacity expansion, taking into account the outcomes on the spot market; and the upper-level model represents the anticipation of transmission expansion planning to the investment in generation capacity and the pool-based market equilibrium. The demand has been considered as exogenous and locational marginal prices are obtained as endogenous variables of the model. The three-level model is formulated as a mixed integer linear programming (MILP) problem. The model is applied to a realistic power system in Chile to illustrate the methodology and proper conclusions are reached. |
| Author | Sauma, E. E. Contreras, J. Pozo, D. |
| Author_xml | – sequence: 1 givenname: D. surname: Pozo fullname: Pozo, D. email: David.Pozo@uclm.es organization: Escuela Tec. Super. de Ing. Ind., Univ. de Castilla-La Mancha, Ciudad Real, Spain – sequence: 2 givenname: E. E. surname: Sauma fullname: Sauma, E. E. email: esauma@ing.puc.cl organization: Ind. & Syst. Eng. Dept., Pontificia Univ. Catolica de Chile, Santiago, Chile – sequence: 3 givenname: J. surname: Contreras fullname: Contreras, J. email: Javier.Contreras@uclm.es organization: Escuela Tec. Super. de Ing. Ind., Univ. de Castilla-La Mancha, Ciudad Real, Spain |
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| SubjectTerms | Companies Conferences Electric networks Electric power generation Equilibrium problem subject to equilibrium constraints (EPEC) Generators Indexes Investment Investments Marketing Markets Mathematical model Mathematical models mathematical program subject to equilibrium constraints (MPEC) Mixed integer Nash equilibrium Planning power systems economics power transmission planning |
| Title | A Three-Level Static MILP Model for Generation and Transmission Expansion Planning |
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