Coordination of electricity transmission and generation investments
Hung-po Chao and
Robert Wilson ()
Energy Economics, 2020, vol. 86, issue C
Abstract:
For over twenty years, electricity market liberalization has advanced short-term market efficiency in wholesale markets, but little progress has been made on coordinated transmission and generation investments. With fast penetration of renewables, widespread of distributed energy resources and emergence of smart-grid and energy storage technologies, the stake is growing significantly higher for the long-term efficiency of liberalized wholesale markets with an aging transmission infrastructure.
Keywords: Transmission planning; Two-stage stochastic optimization; Merchant transmission; Generation investments; Cost allocation; Spot and forward markets (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (14)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:86:y:2020:i:c:s0140988319304207
DOI: 10.1016/j.eneco.2019.104623
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