Title :
Network expansion under the frameworks of regulated monopoly and merchant transmission
Author :
Fonseka, P.A.J. ; Shrestha, G.B.
Author_Institution :
Power Market Res. Group, Nanyang Technol. Univ., Singapore
Abstract :
The paper examines theoretical aspects of optimal transmission network expansion in centralized (regulated monopoly) as well as in decentralized (merchant transmission) environments. Detailed dynamic network expansion formulations are presented for system-wide social cost optimizations to be expected by central planning and profit maximizing objectives entertained by merchant entrants. The existence of distinct optimalizes under the two transmission management options is analyzed, and illustrated with network examples.
Keywords :
monopoly; optimisation; power markets; power transmission economics; power transmission planning; profitability; central planning; centralized network expansion; decentralized network expansion; dynamic network expansion formulations; merchant transmission; optimal transmission network expansion; profit maximizing; regulated monopoly; system-wide social cost optimizations; transmission congestion; transmission management options; Cost function; Distributed power generation; Energy management; Investments; Monopoly; Power generation; Power generation economics; Power markets; Pricing; Technology planning;
Conference_Titel :
Power System Technology, 2004. PowerCon 2004. 2004 International Conference on
Print_ISBN :
0-7803-8610-8
DOI :
10.1109/ICPST.2004.1460280
