Flexible investment decisions in the European interconnected transmission system
| Autor: | Francisco Garcés, Gerardo Blanco, D. Waniek, Fernando Olsina, Christian Rehtanz |
|---|---|
| Jazyk: | angličtina |
| Rok vydání: | 2011 |
| Předmět: |
Flexibility (engineering)
Engineering Power transmission Operations research business.industry power transmission lines Energy Engineering and Power Technology flexible AC transmission system Transmission system INGENIERÍAS Y TECNOLOGÍAS Flow network Electric power system Electric power transmission Flexible AC transmission system Investment decisions power system planning Ingeniería Eléctrica y Electrónica Electrical and Electronic Engineering business uncertainty optimization Ingeniería Eléctrica Ingeniería Electrónica e Ingeniería de la Información |
| Popis: | Investment decisions in the power transmission system are vulnerable to substantial long-term uncertainties. Especially, in large interconnected power systems like in Europe, the impact of different influencing factors on the decision-making process is hard to estimate. In the presented approach, stochastic simulations incorporate uncertainties like the development of fuel costs and demand growth. The resulting operation plan of the available power plants and the respective utilization of the transmission network are obtained by calculating the (least-cost) optimal power flow. The performance of possible network upgrades in uncertain scenarios is evaluated by applying a real options approach based on Monte Carlo simulations. The focus of the presented work is on the strategic flexibility that FACTS devices can offer in order to appropriately cope with the uncertain development of the future. A case study for the cross-border connection between Germany and the Netherlands shows the applicability and practicability of the presented approach. Fil: Blanco, G.. Universidad Nacional de Asuncion; Paraguay Fil: Waniek, D.. Universitat Dortmund; Alemania Fil: Garces, Francisco Felipe. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; Argentina Fil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; Argentina Fil: Rehtanz, C.. Universitat Dortmund; Alemania |
| Databáze: | OpenAIRE |
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