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Economic transmission planning aims at identifying transmission solutions that reduce system congestion and increase market efficiency. The resulting economic benefits can be quantified by intensive simulations. However, with the rapid increase in the number of transmission proposals for evaluation, the computational requirements may become prohibitive, and therefore it is beneficial to develop an...
In value-based transmission planning, market efficiency and associated economic benefits can be achieved from transmission solutions that reduce system congestions. However, to accrue the most value and design the most cost effective transmission solution, it is beneficial to understand the interactions among congested flowgates and strategically address selected congestion issues collectively rather...
The growth of renewable energy goals and mandates throughout the United States have led to challenges in determining least-cost methods and transmission plans to reliably support these policy objectives. These transmission plans must be rooted in the resolution of reliability constraints caused by the integration of such energy, but they also must provide additional value to all consumers, in terms...
In MISO Market Efficiency Planning Study, a critical task is to pick from congested flowgates the ones that have the most potential economic benefits. A new ranking strategy, Estimated Potential Benefit (EPB), is proposed. To compare the performance of the new proposed ranking strategy with commonly used ones, ranking correctness index is introduced as a quantitative measure. EPB not only has the...
This paper provides a brief overview on FERC Order 1000 and MISO value-based planning process. The focus of this paper is to provide the concepts of two distinct cost allocation methodologies, economic benefit based and transmission usage based, which could be used as potential prototypes for FERC Order 1000 compliance.
This paper describes the top-down value based transmission planning process for Eastern Wind Integration and Transmission Study (EWITS) with the consideration of large scale wind generation over the Eastern Interconnect footprint. Achieving 20% to 30% wind energy penetration across the Eastern Interconnect will require significant transmission infrastructure expansion. The transmission overlays developed...
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