Option value of Soft Open Points in distribution networks

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Title: Option value of Soft Open Points in distribution networks
Authors: Giannelos, S
Konstantelos, I
Strbac, G
Item 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.
Issue Date: 2-Jul-2015
Date of Acceptance: 15-Apr-2015
URI: http://hdl.handle.net/10044/1/31476
DOI: https://dx.doi.org/10.1109/PTC.2015.7232529
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/Funder: Engineering & Physical Science Research Council (E
Funder's Grant Number: EP/I031650/1
Conference Name: IEEE Powertech
Publication Status: Published
Start Date: 2015-06-29
Finish Date: 2015-07-02
Conference Place: Eindhoven
Appears in Collections:Faculty of Engineering
Electrical and Electronic Engineering
Centre for Environmental Policy
Faculty of Natural Sciences



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