Private Investor-based Transmission Expansion Planning in Deregulated Environments |
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| Authors: | Amirsaman Arabali Moein Moeini-Aghtaie |
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| Affiliation: | 1. Department of Electrical and Biomedical Engineering, University of Nevada, Reno, Nevada, USA;2. The Center of Excellence in Power System Control and Management, Department of Electrical Engineering, Sharif University of Technology, Tehran, Iran |
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| Abstract: | Abstract—Deregulation in power systems creates new uncertainties and escalates the previous ones. The presence of these uncertainties causes the transmission network to remain a monopoly and the private investors not to be interested in investing in new transmission lines. This article presents a new merchant-based transmission network expansion planning algorithm from the viewpoint of private investors. The point estimation method is used to handle the uncertainties, and the genetic algorithm is used as the optimization tool. The proposed method provides insights for private investors to deal with the uncertainties and to find appropriate transmission projects in which to invest. |
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| Keywords: | Transmission expansion planning risk private investor uncertainties rate of return |
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