Option value of Soft Open Points in distribution networks
File(s)
Accepted version
Author(s)
Giannelos, S
Konstantelos, I
Strbac, G
Type
Conference Paper
Abstract
We propose a novel stochastic planning model that
considers investment in conventional assets as well as in Soft
Open Points, as a means of treating voltage and thermal
constraints caused by the increased penetration of renewable
distributed generation (DG) sources. Soft Open Points are
shown to hold significant option value under uncertainty;
however, their multiple value streams remain undetected under
traditional deterministic planning approaches, potentially
undervaluing this technology and leading to a higher risk of
stranded assets.
considers investment in conventional assets as well as in Soft
Open Points, as a means of treating voltage and thermal
constraints caused by the increased penetration of renewable
distributed generation (DG) sources. Soft Open Points are
shown to hold significant option value under uncertainty;
however, their multiple value streams remain undetected under
traditional deterministic planning approaches, potentially
undervaluing this technology and leading to a higher risk of
stranded assets.
Date Issued
2015-07-02
Date Acceptance
2015-04-15
Citation
PowerTech, 2015 IEEE Eindhoven, 2015
Publisher
IEEE
Journal / Book Title
PowerTech, 2015 IEEE Eindhoven
Copyright Statement
© 2015 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other uses, in any current or future media, including reprinting/republishing this material for advertising or promotional purposes, creating new collective works, for resale or redistribution to servers or lists, or reuse of any copyrighted component of this work in other works.
Sponsor
Engineering & Physical Science Research Council (E
Grant Number
EP/I031650/1
Source
IEEE Powertech
Publication Status
Published
Start Date
2015-06-29
Finish Date
2015-07-02
Coverage Spatial
Eindhoven