Priority Lists for Power System Investments: Locating Phasor Measurement Units

Ilgiz Murzakhanov, David Pozo

Research output: Chapter in Book/Report/Conference proceedingArticle in proceedingsResearchpeer-review

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Abstract

Power systems incrementally and continuously upgrade their components, such as transmission lines, reactive capacitors, or generating units. Decision-making tools often support the selection of the best set of components to upgrade. Optimization models are often used to support decision making at a given point in time. After certain time intervals, re-optimization is performed to find new components to add. In this paper, we propose a decision-making framework for incrementally updating power system components. This is an alternative approach to the classical sequential re-optimization decision making for an investment problem with modeled budget constraints. Our approach provides a priority list as a solution with a list of new components to upgrade. We show that i) our framework is consistent with the evolution of power system upgrades, and ii) in particular circumstances, both frameworks provide the same solution if the problem satisfies submodularity property. We have selected the problem of phasor measurement unit localization and compared the solution with the classical sequential re-optimization framework. For this particular problem, we show that the two approaches provide close results, while only our proposed algorithm is applicable in practice. The cases of 14 and 118 IEEE buses are used to illustrate the proposed methodology.
Original languageEnglish
Title of host publicationProceedings of 2021 IEEE PowerTech
Number of pages6
PublisherIEEE
Publication statusAccepted/In press - 2021
Event14th IEEE PowerTech - Virtual Event - from the Alberto Aguilera Campus of Comillas University, Madrid, Spain
Duration: 27 Jun 20212 Jul 2021
https://www.powertech2021.com/

Conference

Conference14th IEEE PowerTech
LocationVirtual Event - from the Alberto Aguilera Campus of Comillas University
Country/TerritorySpain
CityMadrid
Period27/06/202102/07/2021
Internet address

Keywords

  • Priority list
  • Submodularity
  • Capacity planning
  • Phasor measurement unit
  • Measurement accuracy

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