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Article: Transmission expansion based on Pareto improvement criterion

TitleTransmission expansion based on Pareto improvement criterion
Authors
KeywordsCost allocation
Electricity market
Pareto improvement
Pareto optimality
Power system
Social welfare
Transmission expansion
Issue Date2005
PublisherPower System Technology Press. The Journal's web site is located at http://www.dwjs.com.cn/
Citation
Power System Technology, 2005, v. 29 n. 10, p. 40-45 How to Cite?
AbstractIn the deregulated power industry environment, the transmission expansion issue becomes more complicated. Here, the economics concepts including Pareto optimality, Pareto improvement and social welfare are introduced for seeking the economic rules that should be followed in the transmission expansion thoroughly. Based on the Pareto improvement criterion, the authors propose a generalized model of transmission expansion. In this model, the factors such as the electricity market mechanism and the transmission cost allocation are also involved. Under the market mechanism of locational marginal pricing (LMP), three simple allocation arrangements of transmission cost are presented. Further, to illustrate the implications and the characters of the proposed model and the transmission cost allocation arrangements, a 6-node system study case is analyzed in detail.
Persistent Identifierhttp://hdl.handle.net/10722/74007
ISSN
2015 SCImago Journal Rankings: 0.684
References

 

DC FieldValueLanguage
dc.contributor.authorZheng, FLen_HK
dc.contributor.authorZhang, Yen_HK
dc.contributor.authorWu, FFen_HK
dc.date.accessioned2010-09-06T06:56:54Z-
dc.date.available2010-09-06T06:56:54Z-
dc.date.issued2005en_HK
dc.identifier.citationPower System Technology, 2005, v. 29 n. 10, p. 40-45en_HK
dc.identifier.issn1000-3673en_HK
dc.identifier.urihttp://hdl.handle.net/10722/74007-
dc.description.abstractIn the deregulated power industry environment, the transmission expansion issue becomes more complicated. Here, the economics concepts including Pareto optimality, Pareto improvement and social welfare are introduced for seeking the economic rules that should be followed in the transmission expansion thoroughly. Based on the Pareto improvement criterion, the authors propose a generalized model of transmission expansion. In this model, the factors such as the electricity market mechanism and the transmission cost allocation are also involved. Under the market mechanism of locational marginal pricing (LMP), three simple allocation arrangements of transmission cost are presented. Further, to illustrate the implications and the characters of the proposed model and the transmission cost allocation arrangements, a 6-node system study case is analyzed in detail.en_HK
dc.languageengen_HK
dc.publisherPower System Technology Press. The Journal's web site is located at http://www.dwjs.com.cn/en_HK
dc.relation.ispartofPower System Technologyen_HK
dc.subjectCost allocationen_HK
dc.subjectElectricity marketen_HK
dc.subjectPareto improvementen_HK
dc.subjectPareto optimalityen_HK
dc.subjectPower systemen_HK
dc.subjectSocial welfareen_HK
dc.subjectTransmission expansionen_HK
dc.titleTransmission expansion based on Pareto improvement criterionen_HK
dc.typeArticleen_HK
dc.identifier.emailWu, FF: ffwu@eee.hku.hken_HK
dc.identifier.authorityWu, FF=rp00194en_HK
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.scopuseid_2-s2.0-20044390790en_HK
dc.identifier.hkuros101555en_HK
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-20044390790&selection=ref&src=s&origin=recordpageen_HK
dc.identifier.volume29en_HK
dc.identifier.issue10en_HK
dc.identifier.spage40en_HK
dc.identifier.epage45en_HK
dc.publisher.placeChinaen_HK
dc.identifier.scopusauthoridZheng, FL=11339240000en_HK
dc.identifier.scopusauthoridZhang, Y=8317229100en_HK
dc.identifier.scopusauthoridWu, FF=7403465107en_HK

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