Robust transmission expansion planning

C. Ruiz and A.J. Conejo

European Journal of Operational Research, 2015, vol. 242, issue 2, 390-401

Abstract: The work reported in this paper addresses the problem of transmission expansion planning under uncertainty in an electric energy system. We consider different sources of uncertainty, including future demand growth and the availability of generation facilities, which are characterized for different regions within the electric energy system. An adaptive robust optimization model is used to derive the investment decisions that minimizes the system’s total costs by anticipating the worst case realization of the uncertain parameters within an uncertainty set. The proposed formulation materializes on a mixed-integer three-level optimization problem whose lower-level problem can be replaced by its KKT optimality conditions. The resulting mixed-integer bilevel model is efficiently solved by decomposition using a cutting plane algorithm. A realistic case study is used to illustrate the working of the proposed technique, and to analyze the relationship between the optimal transmission investment plans, the investment budget and the level of supply security at the different regions of the network.

Keywords: Adaptive robust optimization; Complementarity; OR in energy; Transmission expansion; Two-stage (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (46)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:242:y:2015:i:2:p:390-401

DOI: 10.1016/j.ejor.2014.10.030

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