Optimizing your options: Extracting the full economic value of transmission when planning under uncertainty

Journal Article · Thu Jun 04 00:00:00 EDT 2015 · Electricity Journal

DOI:https://doi.org/10.1016/j.tej.2015.05.002· OSTI ID:1237652

Munoz, Francisco D. ^[1]; Watson, Jean -Paul ^[1]; Hobbs, Benjamin F. ^[2]

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1. Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)
2. Johns Hopkins Univ., Baltimore, MD (United States)

In this study, the anticipated magnitude of needed investments in new transmission infrastructure in the U.S. requires that these be allocated in a way that maximizes the likelihood of achieving society's goals for power system operation. The use of state-of-the-art optimization tools can identify cost-effective investment alternatives, extract more benefits out of transmission expansion portfolios, and account for the huge economic, technology, and policy uncertainties that the power sector faces over the next several decades.

• Research Organization: Sandia National Lab. (SNL-NM), Albuquerque, NM (United States)
• Sponsoring Organization: USDOE Office of Science (SC), Advanced Scientific Computing Research (ASCR)
• Grant/Contract Number: AC04-94AL85000
• OSTI ID: 1237652
• Report Number(s): SAND-2015-3669J; PII: S1040619015001025
• Journal Information: Electricity Journal, Vol. 28, Issue 5; ISSN 1040-6190
• Publisher: Elsevier
• Country of Publication: United States
• Language: English

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24 POWER TRANSMISSION AND DISTRIBUTION