Market based criteria for transmission expansion planning

In this paper, first, two new criteria, which are titled social welfare percent (SWP) and congestion cost percent (CCP), are defined for static transmission expansion planning in restructured power systems. Then by a simple example it will be shown that none of the already presented market-based criteria could completely and truly evaluate the transmission network expansion from market view. Hence the SWP and CCP criteria altogether are proposed to completely and truly evaluate the transmission network expansion. Then a least-investment cost expansion plan is searched that its SWP and CCP are in predefined acceptable limits. The results of applying of the proposed method are illustrated over a typical 8-bus power system.