A minimum cost assessment method for composite generation and transmission system expansion planning

Composite generation and transmission system expansion analysis should take into account both economic considerations and adequacy requirements. An optimum expansion plan should achieve the minimum total investment, operation and damage cost. A minimum cost assessment method for composite system expansion planning, which can be used to consider generation expansion and transmission expansion simultaneously, is presented. The minimization model proposed to incorporate both operating and outage costs can recognize different customer damage functions at different load buses and includes the duration of the simulated contingency system states . A computer program based on the presented method has been developed to provide a set of line, load bus, generator bus and system indices which can be used to select optimal expansion plans at different load growth levels. Case studies in which the method is applied to the IEEE Modified Reliability Test System indicate its effectiveness.<
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