A Transmission-Cost-Based Model to Estimate the Amount of Market-Integrable Wind Resources

Publication: Research - peer-reviewJournal article – Annual report year: 2012

View graph of relations

In the pursuit of the large-scale integration of wind power production, it is imperative to evaluate plausible frictions among the stochastic nature of wind generation, electricity markets, and the investments in transmission required to accommodate larger amounts of wind. If wind producers are made to share the expenses in transmission derived from their integration, they may see the doors of electricity markets closed for not being competitive enough. This paper presents a model to decide the amount of wind resources that are economically exploitable at a given location from a transmission-cost perspective. This model accounts for the uncertain character of wind by using a modeling framework based on stochastic optimization, simulates market barriers by means of a bi-level structure, and considers the financial risk of investments in transmission through the conditional value-at-risk. The major features of the proposed model, which is efficiently solved using Benders decomposition, are discussed through an illustrative example.
Original languageEnglish
JournalI E E E Transactions on Power Systems
Publication date2012
Volume27
Issue2
Pages1060-1069
ISSN0885-8950
DOIs
StatePublished
CitationsWeb of Science® Times Cited: 3

Keywords

  • Transmission expansion, Wind power, Economic appraisal, Bilevel programming
Download as:
Download as PDF
Select render style:
APAAuthorCBEHarvardMLAStandardVancouverShortLong
PDF
Download as HTML
Select render style:
APAAuthorCBEHarvardMLAStandardVancouverShortLong
HTML
Download as Word
Select render style:
APAAuthorCBEHarvardMLAStandardVancouverShortLong
Word

ID: 6436380