Optimal Design of Energy Distribution Network using Power Flow Controller
Takayuki Shiina
Chapter 15 in Handbook of Energy Finance:Theories, Practices and Simulations, 2020, pp 343-361 from World Scientific Publishing Co. Pte. Ltd.
Abstract:
In power delivery systems, the use of dispersed generation and security control to improve network utilization requires the optimal use of system control devices. The installation of loop controller allows the distribution system to operate in a loop configuration, achieving effective management of voltage and power flow. In the investment planning process, it is important to identify the optimal location and installed capacity of the equipment such that all operational constraints are satisfied. This chapter presents a method for identifying the optimal location and capacity with the minimum installation cost. Our novel approach uses an economic model that considers the fixed costs. A slope scaling procedure is presented, and its efficiency is demonstrated using numerical experiments.
Keywords: Energy Finance; Financial and Economic Modeling; Volatility; Forecasting; Quantitative Finance; Energy Markets (search for similar items in EconPapers)
JEL-codes: G20 G32 Q40 (search for similar items in EconPapers)
Date: 2020
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