Flexible investment decisions in the European interconnected transmission system

Autores
Blanco, G.; Waniek, D.; Garces, Francisco Felipe; Olsina, Fernando Gabriel; Rehtanz, C.
Año de publicación
2011
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Investment decisions in the power transmission system are vulnerable to substantial long-term uncertainties. Especially, in large interconnected power systems like in Europe, the impact of different influencing factors on the decision-making process is hard to estimate. In the presented approach, stochastic simulations incorporate uncertainties like the development of fuel costs and demand growth. The resulting operation plan of the available power plants and the respective utilization of the transmission network are obtained by calculating the (least-cost) optimal power flow. The performance of possible network upgrades in uncertain scenarios is evaluated by applying a real options approach based on Monte Carlo simulations. The focus of the presented work is on the strategic flexibility that FACTS devices can offer in order to appropriately cope with the uncertain development of the future. A case study for the cross-border connection between Germany and the Netherlands shows the applicability and practicability of the presented approach.
Fil: Blanco, G.. Universidad Nacional de Asuncion; Paraguay
Fil: Waniek, D.. Universitat Dortmund; Alemania
Fil: Garces, Francisco Felipe. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; Argentina
Fil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; Argentina
Fil: Rehtanz, C.. Universitat Dortmund; Alemania
Materia
Flexible Ac Transmission System
Power System Planning
Power Transmission Lines
Optimization
Uncertainty
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/13055
Acceder
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oai_identifier_str oai:ri.conicet.gov.ar:11336/13055
network_acronym_str CONICETDig
repository_id_str 3498
network_name_str CONICET Digital (CONICET)
spelling Flexible investment decisions in the European interconnected transmission systemBlanco, G.Waniek, D.Garces, Francisco FelipeOlsina, Fernando GabrielRehtanz, C.Flexible Ac Transmission SystemPower System PlanningPower Transmission LinesOptimizationUncertaintyhttps://purl.org/becyt/ford/2.2https://purl.org/becyt/ford/2Investment decisions in the power transmission system are vulnerable to substantial long-term uncertainties. Especially, in large interconnected power systems like in Europe, the impact of different influencing factors on the decision-making process is hard to estimate. In the presented approach, stochastic simulations incorporate uncertainties like the development of fuel costs and demand growth. The resulting operation plan of the available power plants and the respective utilization of the transmission network are obtained by calculating the (least-cost) optimal power flow. The performance of possible network upgrades in uncertain scenarios is evaluated by applying a real options approach based on Monte Carlo simulations. The focus of the presented work is on the strategic flexibility that FACTS devices can offer in order to appropriately cope with the uncertain development of the future. A case study for the cross-border connection between Germany and the Netherlands shows the applicability and practicability of the presented approach.Fil: Blanco, G.. Universidad Nacional de Asuncion; ParaguayFil: Waniek, D.. Universitat Dortmund; AlemaniaFil: Garces, Francisco Felipe. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; ArgentinaFil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; ArgentinaFil: Rehtanz, C.. Universitat Dortmund; AlemaniaElsevier Science2011-04info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/13055Blanco, G.; Waniek, D.; Garces, Francisco Felipe; Olsina, Fernando Gabriel; Rehtanz, C.; Flexible investment decisions in the European interconnected transmission system; Elsevier Science; Electric Power Systems Research; 81; 4; 4-2011; 984-9940378-7796enginfo:eu-repo/semantics/altIdentifier/url/http://www.sciencedirect.com/science/article/pii/S0378779610003056info:eu-repo/semantics/altIdentifier/doi/10.1016/j.epsr.2010.12.001info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-10-29T11:45:41Zoai:ri.conicet.gov.ar:11336/13055instacron: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:34982025-10-29 11:45:41.913CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Flexible investment decisions in the European interconnected transmission system
title Flexible investment decisions in the European interconnected transmission system
spellingShingle Flexible investment decisions in the European interconnected transmission system
Blanco, G.
Flexible Ac Transmission System
Power System Planning
Power Transmission Lines
Optimization
Uncertainty
title_short Flexible investment decisions in the European interconnected transmission system
title_full Flexible investment decisions in the European interconnected transmission system
title_fullStr Flexible investment decisions in the European interconnected transmission system
title_full_unstemmed Flexible investment decisions in the European interconnected transmission system
title_sort Flexible investment decisions in the European interconnected transmission system
dc.creator.none.fl_str_mv Blanco, G.
Waniek, D.
Garces, Francisco Felipe
Olsina, Fernando Gabriel
Rehtanz, C.
author Blanco, G.
author_facet Blanco, G.
Waniek, D.
Garces, Francisco Felipe
Olsina, Fernando Gabriel
Rehtanz, C.
author_role author
author2 Waniek, D.
Garces, Francisco Felipe
Olsina, Fernando Gabriel
Rehtanz, C.
author2_role author
author
author
author
dc.subject.none.fl_str_mv Flexible Ac Transmission System
Power System Planning
Power Transmission Lines
Optimization
Uncertainty
topic Flexible Ac Transmission System
Power System Planning
Power Transmission Lines
Optimization
Uncertainty
purl_subject.fl_str_mv https://purl.org/becyt/ford/2.2
https://purl.org/becyt/ford/2
dc.description.none.fl_txt_mv Investment decisions in the power transmission system are vulnerable to substantial long-term uncertainties. Especially, in large interconnected power systems like in Europe, the impact of different influencing factors on the decision-making process is hard to estimate. In the presented approach, stochastic simulations incorporate uncertainties like the development of fuel costs and demand growth. The resulting operation plan of the available power plants and the respective utilization of the transmission network are obtained by calculating the (least-cost) optimal power flow. The performance of possible network upgrades in uncertain scenarios is evaluated by applying a real options approach based on Monte Carlo simulations. The focus of the presented work is on the strategic flexibility that FACTS devices can offer in order to appropriately cope with the uncertain development of the future. A case study for the cross-border connection between Germany and the Netherlands shows the applicability and practicability of the presented approach.
Fil: Blanco, G.. Universidad Nacional de Asuncion; Paraguay
Fil: Waniek, D.. Universitat Dortmund; Alemania
Fil: Garces, Francisco Felipe. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; Argentina
Fil: Olsina, Fernando Gabriel. Consejo Nacional de Investigaciones Cientificas y Tecnicas. Centro Cientifico Tecnologico San Juan. Instituto de Energia Electrica; Argentina
Fil: Rehtanz, C.. Universitat Dortmund; Alemania
description Investment decisions in the power transmission system are vulnerable to substantial long-term uncertainties. Especially, in large interconnected power systems like in Europe, the impact of different influencing factors on the decision-making process is hard to estimate. In the presented approach, stochastic simulations incorporate uncertainties like the development of fuel costs and demand growth. The resulting operation plan of the available power plants and the respective utilization of the transmission network are obtained by calculating the (least-cost) optimal power flow. The performance of possible network upgrades in uncertain scenarios is evaluated by applying a real options approach based on Monte Carlo simulations. The focus of the presented work is on the strategic flexibility that FACTS devices can offer in order to appropriately cope with the uncertain development of the future. A case study for the cross-border connection between Germany and the Netherlands shows the applicability and practicability of the presented approach.
publishDate 2011
dc.date.none.fl_str_mv 2011-04
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/13055
Blanco, G.; Waniek, D.; Garces, Francisco Felipe; Olsina, Fernando Gabriel; Rehtanz, C.; Flexible investment decisions in the European interconnected transmission system; Elsevier Science; Electric Power Systems Research; 81; 4; 4-2011; 984-994
0378-7796
url http://hdl.handle.net/11336/13055
identifier_str_mv Blanco, G.; Waniek, D.; Garces, Francisco Felipe; Olsina, Fernando Gabriel; Rehtanz, C.; Flexible investment decisions in the European interconnected transmission system; Elsevier Science; Electric Power Systems Research; 81; 4; 4-2011; 984-994
0378-7796
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://www.sciencedirect.com/science/article/pii/S0378779610003056
info:eu-repo/semantics/altIdentifier/doi/10.1016/j.epsr.2010.12.001
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
application/pdf
dc.publisher.none.fl_str_mv Elsevier Science
publisher.none.fl_str_mv Elsevier Science
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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score 13.10058

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