What is it about?

Power systems embody several synergies between generation and transmission expansion planning. In fact, it has been shown that considering both problems together in a centralized manner leads to a more efficient economic output. However, what happens when we acknowledge that there are decentralized agents that can have a strategic behavior in the market? Some interesting results can yield in what we call ‘co-planning equilibrium models’. In this paper, we study their properties, solution techniques and the challenges for representing new technologies in the market.

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Why is it important?

Given that most power systems around the world are liberalized, it is essential to study how the entrance of new strategic players in the market (i.e., renewables, distributed generation and storage) impact the way in which systems are planned and operated.

Perspectives

I hope this article helps researchers on game theoretic and capacity planning models to have an updated view of the current state of the art and help them to find new research opportunities in this field.

Isaac Camilo Gonzalez Romero
Universidad Pontificia Comillas

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This page is a summary of: A Review on Generation and Transmission Expansion Co-Planning Models under a Market Environment, IET Generation Transmission & Distribution, December 2019, the Institution of Engineering and Technology (the IET), DOI: 10.1049/iet-gtd.2019.0123.
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