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
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/160013

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network_name_str CONICET Digital (CONICET)
spelling 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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