A New Economic Benefit and Use of System Method for Transmission Expansion Cost Allocation in the Competitive Market Environment


(*) Corresponding author


Authors' affiliations


DOI's assignment:
the author of the article can submit here a request for assignment of a DOI number to this resource!
Cost of the service: euros 10,00 (for a DOI)

Abstract


The expansion of transmission systems impacts many entities in the market environment. Each entity may fare better or worse as a result of congestion relief in the presence of new facilities. Negatively affected firms apply their authority to prevent the expansion from taking place. The opposition of these firms and the lack of appropriate incentives results in insufficient investments in transmission assets. The network is being frequently used at its maximum limits, leading to economic inadequacies and reduced reliability. Hence, there is a necessity for effective encourage schemes for system expansion. The objective of this paper is to introduce a simple transmission expansion pricing scheme using economic benefit and use of system method, to allocate and price the transmission expansion among the participants. The proposed method can utilize clearly, intelligible and the fairer for transmission expansion cost allocation between the participants at the different uncertainty such as adding the new line, augmenting the new generator and adding the new load to the system. Numerical example using a test power system is presented to illustrate the effectiveness of the studied method


Copyright © 2013 Praise Worthy Prize - All rights reserved.

Keywords


Transmission Expansion; Cost Allocation; Economic Benefit; Use of System; Competitive Market

Full Text:

PDF


References


R. Reta, A. Vargas, J. Verstege, Allocation of Transmission Costs Areas of Influence Method versus Economic Benefit Method, IEEE Trans Power Syst, vol. 20, no. 3, Aug 2005, pp. 1647-1652.
http://dx.doi.org/10.1109/tpwrs.2005.852104

F. Evans, J. Zolezzi, and H. Rudnick, Cost Assignment Model for Electrical Transmission System Expansion: An Approach Through the Kernel Theory , IEEE Trans. Power Syst, vol. 18, no. 2, May 2003, pp. 625–632.
http://dx.doi.org/10.1109/tpwrs.2003.810903

P. A. Ruiz, J. Contreras, An Effective Transmission Network Expansion Cost Allocation Based on Game Theory, IEEE Trans. Power Syst, vol. 22, no. 1, Feb 2007, pp. 136-144.
http://dx.doi.org/10.1109/tpwrs.2006.888987

J. Zolezzi and H. Rudnick, Transmission Cost Allocation by Cooperative Games and Coalition Formation, IEEE Trans. Power Syst, vol. 17, no. 4, Nov 2002, pp. 1008–1012.
http://dx.doi.org/10.1109/tpwrs.2002.804941

F. Galiana, A. Conejo, and H. Gil, Transmission Network Cost Allocation Based on Equivalent Bilateral Exchanges, IEEE Trans. Power Syst, vol. 18, no. 4, Nov 2003, pp. 1425–1431.
http://dx.doi.org/10.1109/tpwrs.2003.818689

J. Pan, Y. Teklu, S. Rahman, and K. Jun, Review of Use Based Transmission Cost Allocation Methods Under Open Access , IEEE Trans. Power Syst, vol. 15, no. 4, Nov 2000, pp. 1218–1224.
http://dx.doi.org/10.1109/59.898093

H. Zeynal, A. Khajeh Zadeh, K. Nor, M. Eidiani, Locational Marginal Price (LMP) Assessment Using Hybrid Active and Reactive Cost Minimization, (2010) International Review of Electrical Engineering (IREE), 5 (5), pp. 2413-2418.
http://dx.doi.org/10.1109/powereng.2011.6036509

G. Erli, K. Takahashi, L. Chen, I. Kurihara, Transmission Expansion Cost Allocation based on Cooperative Game Theory for Congestion Relief , electrical power and energy system 27, Elsevier, 2005, pp. 61-67.
http://dx.doi.org/10.1016/j.ijepes.2004.08.009

D. kirschen, G. strbac, Fundamentals of power system economics, john Wiley, 2004.
http://dx.doi.org/10.1002/0470020598

M. Shahidehpour, H. Yamin, Z. Li, Market Operations in Electric Power System Forecasting Scheduling and Risk managements, John Wiley & Sons Ltd, New York, 2002.

R. Bhakar, V. S. Spiram, N. P. Padhy and H. O. Gupta, Transmission Embedded Cost Allocation in Restructured Environment: A Game Theoretic Approach, Electric Power Components and Systems, Taylor & Francis, 2009, pp. 970-981.
http://dx.doi.org/10.1080/15325000902918842

J. Bialek, Topological generation and load distribution factors for supplement charge allocation in transmission open access, IEEE Trans Power Syst, vol. 12, no. 3, Aug. 1997, pp. 1185-1193.
http://dx.doi.org/10.1109/59.630460

A. Rashidinejad, M. R. Habibi, H. Khorasani, M. Rashidinejad, A Combinatorial Approach for Active and Reactive Power Flow Tracking, IREE vol. 5, issue. 5, Sep 2010, pp. 2209-1116.

P. Wang, Y. Xiao, Transmission Cost Allocation Using Proportional Tree Methods, IPEC Singapore, 2005, pp 1211- 1219.
http://dx.doi.org/10.1109/ipec.2005.206891

R.D. Zimmerman, C.E. murilli, D. gan, “MATPOWER user's manual”, version 3.1b2, 2006.


Refbacks

  • There are currently no refbacks.



Please send any question about this web site to info@praiseworthyprize.com
Copyright © 2005-2023 Praise Worthy Prize