Adaptive Transmission Planning: Implementing a New Paradigm for Managing Economic Risks in Grid Expansion

Adaptive Transmission Planning: Implementing a New Paradigm for Managing Economic Risks in Grid Expansion

TitleAdaptive Transmission Planning: Implementing a New Paradigm for Managing Economic Risks in Grid Expansion
Publication TypeMagazine Article
Year of Publication2016
AuthorsBenjamin F Hobbs, Qingyu Xu, Jonathan Ho, Pearl Donohoo, Saamrat Kasina, Jasmine Ouyang, Sang Woo Park, Joseph H Eto, Vijay Satyal
MagazineIEEE Power and Energy Magazine
Volume14
Issue Number4
Date Published07/2016
KeywordsRM11-002
Abstract

The problem of whether, where, when, and what types of transmission facilities to build in terms of minimizing costs and maximizing net economic benefits has been a challenge for the power industry from the beginning-ever since Thomas Edison debated whether to create longer dc distribution lines (with their high losses) or build new power stations in expanding his urban markets. Today?s planning decisions are far more complex, as grids cover the continent and new transmission, generation, and demand-side technologies emerge.

DOI10.1109/MPE.2016.2547280
Refereed DesignationNon-Refereed