A New Strategy for Transmission Expansion in Competitive Electricity Markets

Abstract

It will be important to develop a transmission network capable of handling future generation and load pattems in a deregulated, unbundled, and competitive electricity market. A new strategy for transmission expansion under a competitive market environment is presented. In the proposed strategy, a new transmission planning model considers a variety of market-driven power flow patterns while a decision-analysis scheme is incorporated to minimize the risk of the selected plan. Numerical examples are given to illustrate the potential of the proposed strategy to make a significant contribution to transmission planning in competitive markets.