Proactive bi-level geptep with storage considerations

D. Isaac Camilo González Romero, Sonja Wogrin, Tomás Gómez San Román

Research output: Contribution to conferenceAbstractpeer-review


Under the current European market environment, transmission companies (TRANSCOs) have to decide network expansion by maximizing social welfare while the generation companies (GENCOs) decide their expansion with the aim of maximizing their own profit. This process, in addition to increasing penetration of renewable energy, storage and distributed generation, might create contradictory incentives, which represent a rupture between short and long-term signals. Therefore, this paper proposes a bi-level formulation for the generation and transmission coordination problem (GEPTEP). We consider a proactive framework in which a centralized TRANSCO represents the upper level while the decentralized GENCOs, that trade in the market, represent the lower level. As a novel feature, a representative period framework is employed, which allows us to consider operation of in both short and long-term storage technologies. A case study is presented to compare the results between a one-level cost minimization framework and a bi-level proactive framework.
Original languageEnglish
Publication statusPublished - 2018
Externally publishedYes
Event24th Young Energy Economists and Engineers Seminar - Delft, Netherlands
Duration: 12 Apr 201813 Apr 2018


Conference24th Young Energy Economists and Engineers Seminar

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