Probability and Statistics Seminar   RSS

21/01/2015, 11:30 — 12:30 — Room P3.10, Mathematics Building
, Norwegian University of Science and Technology

Anticipative Transmission Planning under Uncertainty

Transmission system operators (TSOs) build transmission lines to take generation capacity into account. However, their decision is confounded by policies that promote renewable energy technologies. Thus, what should be the size of the transmission line to accommodate subsequent generation expansion? Taking the perspective of a TSO, we use a real options approach not only to determine the optimal timing and sizing of the transmission line but also to explore its effects on generation expansion.