Adaptive Transmission Planning: Implementing a New Paradigm for Managing Economic Risks in Grid Expansion

The problem of whether, where, when, and what type of transmission facilities to build in terms of minimizing costs and maximizing net economic benefits has been a challenge for the power industry from the beginning-ever since Thomas Edison debated whether to create longer dc distribution lines (wit...

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Bibliographic Details
Published in:IEEE power & energy magazine 2016-07, Vol.14 (4)
Main Authors: Hobbs, Benjamin F., Xu, Qingyu, Ho, Jonathan, Donohoo, Pearl, Kasina, Saamrat, Ouyang, Jasmine, Park, Sang Woo, Eto, Joseph, Satyal, Vijay
Format: Magazinearticle
Language:English
Subjects:
POWER TRANSMISSION AND DISTRIBUTION
Online Access:Get full text
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Summary:The problem of whether, where, when, and what type of transmission facilities to build in terms of minimizing costs and maximizing net economic benefits has been a challenge for the power industry from the beginning-ever since Thomas Edison debated whether to create longer dc distribution lines (with their high losses) or build new power stations in expanding his urban markets. Today's planning decisions are far more complex, as grids cover the continent and new transmission, generation, and demand-side technologies are emerging.
ISSN:1540-7977
1558-4216
DOI:10.1109/mpe.2016.2547280