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Article: Research from University of Queensland yields new data on power systems.(Report)
- Article from:
- Energy Weekly News
- Article date:
- March 6, 2009
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According to recent research from Brisbane, Australia, "Deregulation of the electric power industry has introduced new uncertainties for market participants and made planning of transmission expansion more difficult. More flexible transmission expansion plans are needed, to cope with the increased risks."
"In this paper, a novel planning approach is proposed to meet the above challenge. In our approach, the planning process is modeled as a mixed integer nonlinear programming (MINLP) problem, so that conflicting objectives can be optimized simultaneously. To minimize planning risks, our method identifies several scenarios based on statistics and expert knowledge; ...