Global Journal of Technology and Optimization

Power System Expansion Planning - State of the Problem

Abstract

Nikolai I Voropai

The paper gives an overview of the latest results in the development of the development of the methodology for expansion planning of electric power industry, electric power systems and companies in the market environment. The prerequisites of the market methodology are analyzed. The market approaches in generation and transmission networks are presented. The main principles of the holistic power system expansion planning are given. The conclusion of the paper suggests same generalization in this important area.