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This paper presents an incentive scheme to encourage private investment in the improvement and expansion of the transmission in the competitive electricity market environment. Without incentives, the necessary enhancements to the existing grid would not go forward. To create these incentives, we propose a decentralized transmission asset investment model, where the new assets are built by private...
This paper describes the underlying complexities and nature of the situation for the transmission planning and investment challenges in the competitive environment. In the past, the ownership, operation and planning of the transmission network were in the hands of a single central entity. However, the unbundling of the electricity business has raised new challenges that confront the restructured industry...
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