Investments in transmission lines and storage units considering second-order stochastic dominance constraints
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11320%2F24%3A10490665" target="_blank" >RIV/00216208:11320/24:10490665 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=hvrHrYy2Yo" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=hvrHrYy2Yo</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.eneco.2024.107607" target="_blank" >10.1016/j.eneco.2024.107607</a>
Alternative languages
Result language
angličtina
Original language name
Investments in transmission lines and storage units considering second-order stochastic dominance constraints
Original language description
Increasing intermittent renewable generation to meet the climate goals entails a deep transformation of current power systems. The transmission system must adapt to ensure a rapid and flexible response to the changes in the energy flows. Flexibility can be provided by reinforcing the interconnection among all the market agents and/or by installing facilities with fast response to the changes. In this work, we study the investment problem of a central planner that seeks to expand the transmission network and install storage units considering decarbonizing measures. We propose a two -stage stochastic problem with uncertainty on the demand growth and including representative days to characterize the hourly demand and renewable power variability. To obtain better expansion strategies according to a limit on the carbon emissions, second -order stochastic dominance constraints are imposed. Numerical analyses based on the power system of the Canary island (Spain) are provided. The results show that to install storage units is key to efficiently integrate renewable generation. The investments in the transmission system are mostly in lower -voltage lines. The formulation with stochastic dominance constraints results in higher second -stage investments, allowing a better adaptation to the demand growth evolution.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
<a href="/en/project/GX19-28231X" target="_blank" >GX19-28231X: DyMoDiF - Dynamic Models for the Digital Finance</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Energy Economics
ISSN
0140-9883
e-ISSN
1873-6181
Volume of the periodical
134
Issue of the periodical within the volume
June 2024
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
14
Pages from-to
107607
UT code for WoS article
001242897100001
EID of the result in the Scopus database
2-s2.0-85192790690