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In a deregulated power system, generation companies would like to maximize their profits and share of the electricity market. This can only be achieved if transmission access and network availability is satisfactory. New mathematical models for generation and transmission planning are thus needed. The problem is divided into two sub-problems of generation and transmission. The two sub-problems will...
Most electric power utilities utilize probability methods in the planning and operation of generating capacity. Deterministic criteria, however, are usually used in the planning and operation of composite generation and transmission or bulk electric power systems. The most commonly applied deterministic criteria dictate that specific credible outages should not result in system failure. The traditional...
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