Market feedback for bounding future uncertainties in power system planning

With the introduction of electricity markets, it has become clear that power system planning must be considered a dynamic process, particularly with regards to understanding investor behavior given incentives to build new transmission lines and power plants. The authors have recently introduced a hybrid approach combining system dynamics modeling with the more traditional power system planning. In this paper, we focus on one aspect of this larger body of work, namely, the importance of uncertainty and its impact on investor decisions