Flexibility value of distributed generation in transmission expansion planning
- Autores
- Vásquez, Paúl; Olsina, Fernando Gabriel
- Año de publicación
- 2010
- Idioma
- inglés
- Tipo de recurso
- parte de libro
- Estado
- versión publicada
- Descripción
- The efficiency of the classic planning methods for solving realistic problems largely relies on an accurate prediction of the future. Nevertheless, the presence of strategic uncertainties in current electricity markets has made prediction and even forecasting essentially futile. The new paradigm of decision-making involves two major deviations from the conventional planning approach. On one hand, the acceptation the fact the future is almost unpredictable. On the other hand, the application of solid risk management techniques turns to be indispensable. In this chapter, a decision-making framework that properly handles strategic uncertainties is proposed and numerically illustrated for solving a realistic transmission expansion planning problem. The key concept proposed in this chapter lies in systematically incorporating flexible options such as large investments postponement and investing in Distributed Generation, in foresight of possible undesired events that strategic uncertainties might unfold. Until now, the consideration of such flexible options has remained largely unexplored. The understanding of the readers is enhanced by means of applying the proposed framework in a numerical mining firm expansion capacity planning problem. The obtained results show that the proposed framework is able to find solutions with noticeably lower involved risks than those resulting from traditional expansion plans.
Fil: Vásquez, Paúl. Consejo Nacional de Electricidad; Ecuador
Fil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - San Juan. Instituto de Energía Eléctrica. Universidad Nacional de San Juan. Facultad de Ingeniería. Instituto de Energía Eléctrica; Argentina - Materia
-
TRANSMISSION SYSTEMS
INVESTMENT
REAL OPTIONS - Nivel de accesibilidad
- acceso abierto
- Condiciones de uso
- https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
- Repositorio
- Institución
- Consejo Nacional de Investigaciones Científicas y Técnicas
- OAI Identificador
- oai:ri.conicet.gov.ar:11336/160013
Ver los metadatos del registro completo
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Flexibility value of distributed generation in transmission expansion planningVásquez, PaúlOlsina, Fernando GabrielTRANSMISSION SYSTEMSINVESTMENTREAL OPTIONShttps://purl.org/becyt/ford/2.2https://purl.org/becyt/ford/2The efficiency of the classic planning methods for solving realistic problems largely relies on an accurate prediction of the future. Nevertheless, the presence of strategic uncertainties in current electricity markets has made prediction and even forecasting essentially futile. The new paradigm of decision-making involves two major deviations from the conventional planning approach. On one hand, the acceptation the fact the future is almost unpredictable. On the other hand, the application of solid risk management techniques turns to be indispensable. In this chapter, a decision-making framework that properly handles strategic uncertainties is proposed and numerically illustrated for solving a realistic transmission expansion planning problem. The key concept proposed in this chapter lies in systematically incorporating flexible options such as large investments postponement and investing in Distributed Generation, in foresight of possible undesired events that strategic uncertainties might unfold. Until now, the consideration of such flexible options has remained largely unexplored. The understanding of the readers is enhanced by means of applying the proposed framework in a numerical mining firm expansion capacity planning problem. The obtained results show that the proposed framework is able to find solutions with noticeably lower involved risks than those resulting from traditional expansion plans.Fil: Vásquez, Paúl. Consejo Nacional de Electricidad; EcuadorFil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - San Juan. Instituto de Energía Eléctrica. Universidad Nacional de San Juan. Facultad de Ingeniería. Instituto de Energía Eléctrica; ArgentinaIntechOpenGaonkar, Dattatraya2010info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/bookParthttp://purl.org/coar/resource_type/c_3248info:ar-repo/semantics/parteDeLibroapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/160013Vásquez, Paúl; Olsina, Fernando Gabriel; Flexibility value of distributed generation in transmission expansion planning; IntechOpen; 2010; 351-384978-953-307-046-9CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/http://www.intechopen.com/articles/show/title/flexibility-value-of-distributed-generation-in-transmission-expansion-planninginfo:eu-repo/semantics/altIdentifier/doi/10.5772/8885info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-03T10:09:05Zoai:ri.conicet.gov.ar:11336/160013instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-03 10:09:05.323CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse |
dc.title.none.fl_str_mv |
Flexibility value of distributed generation in transmission expansion planning |
title |
Flexibility value of distributed generation in transmission expansion planning |
spellingShingle |
Flexibility value of distributed generation in transmission expansion planning Vásquez, Paúl TRANSMISSION SYSTEMS INVESTMENT REAL OPTIONS |
title_short |
Flexibility value of distributed generation in transmission expansion planning |
title_full |
Flexibility value of distributed generation in transmission expansion planning |
title_fullStr |
Flexibility value of distributed generation in transmission expansion planning |
title_full_unstemmed |
Flexibility value of distributed generation in transmission expansion planning |
title_sort |
Flexibility value of distributed generation in transmission expansion planning |
dc.creator.none.fl_str_mv |
Vásquez, Paúl Olsina, Fernando Gabriel |
author |
Vásquez, Paúl |
author_facet |
Vásquez, Paúl Olsina, Fernando Gabriel |
author_role |
author |
author2 |
Olsina, Fernando Gabriel |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Gaonkar, Dattatraya |
dc.subject.none.fl_str_mv |
TRANSMISSION SYSTEMS INVESTMENT REAL OPTIONS |
topic |
TRANSMISSION SYSTEMS INVESTMENT REAL OPTIONS |
purl_subject.fl_str_mv |
https://purl.org/becyt/ford/2.2 https://purl.org/becyt/ford/2 |
dc.description.none.fl_txt_mv |
The efficiency of the classic planning methods for solving realistic problems largely relies on an accurate prediction of the future. Nevertheless, the presence of strategic uncertainties in current electricity markets has made prediction and even forecasting essentially futile. The new paradigm of decision-making involves two major deviations from the conventional planning approach. On one hand, the acceptation the fact the future is almost unpredictable. On the other hand, the application of solid risk management techniques turns to be indispensable. In this chapter, a decision-making framework that properly handles strategic uncertainties is proposed and numerically illustrated for solving a realistic transmission expansion planning problem. The key concept proposed in this chapter lies in systematically incorporating flexible options such as large investments postponement and investing in Distributed Generation, in foresight of possible undesired events that strategic uncertainties might unfold. Until now, the consideration of such flexible options has remained largely unexplored. The understanding of the readers is enhanced by means of applying the proposed framework in a numerical mining firm expansion capacity planning problem. The obtained results show that the proposed framework is able to find solutions with noticeably lower involved risks than those resulting from traditional expansion plans. Fil: Vásquez, Paúl. Consejo Nacional de Electricidad; Ecuador Fil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - San Juan. Instituto de Energía Eléctrica. Universidad Nacional de San Juan. Facultad de Ingeniería. Instituto de Energía Eléctrica; Argentina |
description |
The efficiency of the classic planning methods for solving realistic problems largely relies on an accurate prediction of the future. Nevertheless, the presence of strategic uncertainties in current electricity markets has made prediction and even forecasting essentially futile. The new paradigm of decision-making involves two major deviations from the conventional planning approach. On one hand, the acceptation the fact the future is almost unpredictable. On the other hand, the application of solid risk management techniques turns to be indispensable. In this chapter, a decision-making framework that properly handles strategic uncertainties is proposed and numerically illustrated for solving a realistic transmission expansion planning problem. The key concept proposed in this chapter lies in systematically incorporating flexible options such as large investments postponement and investing in Distributed Generation, in foresight of possible undesired events that strategic uncertainties might unfold. Until now, the consideration of such flexible options has remained largely unexplored. The understanding of the readers is enhanced by means of applying the proposed framework in a numerical mining firm expansion capacity planning problem. The obtained results show that the proposed framework is able to find solutions with noticeably lower involved risks than those resulting from traditional expansion plans. |
publishDate |
2010 |
dc.date.none.fl_str_mv |
2010 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/bookPart http://purl.org/coar/resource_type/c_3248 info:ar-repo/semantics/parteDeLibro |
status_str |
publishedVersion |
format |
bookPart |
dc.identifier.none.fl_str_mv |
http://hdl.handle.net/11336/160013 Vásquez, Paúl; Olsina, Fernando Gabriel; Flexibility value of distributed generation in transmission expansion planning; IntechOpen; 2010; 351-384 978-953-307-046-9 CONICET Digital CONICET |
url |
http://hdl.handle.net/11336/160013 |
identifier_str_mv |
Vásquez, Paúl; Olsina, Fernando Gabriel; Flexibility value of distributed generation in transmission expansion planning; IntechOpen; 2010; 351-384 978-953-307-046-9 CONICET Digital CONICET |
dc.language.none.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
info:eu-repo/semantics/altIdentifier/url/http://www.intechopen.com/articles/show/title/flexibility-value-of-distributed-generation-in-transmission-expansion-planning info:eu-repo/semantics/altIdentifier/doi/10.5772/8885 |
dc.rights.none.fl_str_mv |
info:eu-repo/semantics/openAccess https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
eu_rights_str_mv |
openAccess |
rights_invalid_str_mv |
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/ |
dc.format.none.fl_str_mv |
application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
IntechOpen |
publisher.none.fl_str_mv |
IntechOpen |
dc.source.none.fl_str_mv |
reponame:CONICET Digital (CONICET) instname:Consejo Nacional de Investigaciones Científicas y Técnicas |
reponame_str |
CONICET Digital (CONICET) |
collection |
CONICET Digital (CONICET) |
instname_str |
Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.name.fl_str_mv |
CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas |
repository.mail.fl_str_mv |
dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar |
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1842270068640055296 |
score |
13.13397 |