Strategic Planning for Capacity in Power Distribution Grids
DOI:
https://doi.org/10.13052/dgaej2156-3306.2712Abstract
Utility planners strive to develop a distribution network which
provides economic, reliable, and safe electric energy to the end users.
Since the power demand has a tendency to grow, utility companies
must cope with the increasing load by continuously upgrading the
existing substations and power lines in the grid, or by adding new
ones. An alternative solution is to add energy storage and generation
sources that are located closer to the customers. This article presents
a summary of a research conducted at the Department of Industrial
and Management Systems Engineering at WVU pertaining to capacity
planning in a deregulated environment. In this research, an integrated
approach to the grid planning was considered, where distributed generation (DG) sources and energy storages (ES) are incorporated into
the expansion plan together with traditional options. The objective is
to minimize the present worth of installation, upgrade, operation and
maintenance, customer interruption, and fuel costs during the planning
horizon, while satisfying a set of given criteria. Renewable portfolio
obligations, “green” energy credits, as well as restrictions on the available capital for investments are considered in the model, in addition
to the technical constraints
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