A scenario-based transmission network expansion planning in electricity markets

It is important to handle the transmission network expansion planning problem under restructured power systems to allow fair competition in the system. A scenario-based two-stage Transmission Network Expansion Planning (TNEP) is presented in the paper and solved using a meta-heuristic algorithm. Various scenarios, for market-driven power flow patterns is considered in a 6-bus Garver Test System, and Differential Evolution is employed to solve the traditional Transmission Network Expansion planning problems in each scenario. A decision making scheme based on risk analysis is employed to select a plan with minimum risk. In this paper it is assumed that the market players trade only via pool market model, where bid pricing affects the generator loading.