Optimizing trading capabilities and reliability of power transmission networks

The European Commission's Energy Green Paper 2006 identifies the need to develop a flexible single European grid as one of the most important priorities of the European Union energy policy for the next few years. This fits a background of increased renewables generation and an increasing mix of generation and transmission technologies. In this paper we will present a scheme that addresses an approach of increasing the trading capacity, controllability, stability and reliability of such a future power transmission network. Further, the scheme seeks to achieve this with reduced life cycle costs and enhanced environmental benefits.