Title

Co-Optimization Of Electricity Transmission And Generation Resources For Planning And Policy Analysis: Review Of Concepts And Modeling Approaches

Keywords

AC and DC power flow; Co-optimization; Demand response; Energy storage; Generation expansion planning; Integrated network uncertainty; Long-term planning; Model fidelity; Transmission expansion planning

Abstract

The recognition of transmission’s interaction with other resources has motivated the development of co-optimization methods to optimize transmission investment while simultaneously considering tradeoffs with investments in electricity supply, demand, and storage resources. For a given set of constraints, co-optimized planning models provide solutions that have lower costs than solutions obtained from decoupled optimization (transmission-only, generation-only, or iterations between them). This paper describes co-optimization and provides an overview of approaches to co-optimizing transmission options, supply-side resources, demand-side resources, and natural gas pipelines. In particular, the paper provides an up-to-date assessment of the present and potential capabilities of existing co-optimization tools, and it discusses needs and challenges for developing advanced co-optimization models.

Publication Date

5-1-2016

Publication Title

Energy Systems

Volume

7

Issue

2

Number of Pages

297-332

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1007/s12667-015-0158-4

Socpus ID

84964265545 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/84964265545

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