Renewable energy integration: Mechanism for investment on bulk power transmission

Transmission has established itself as a natural monopoly, and as such, the prices and remaining access and operating conditions of the transmission system have been regulated. In the regulations existing before the electric sector reform there was a single planner that determined the generation and transmission expansion. However, each time more mechanisms have been implemented that have allowed individualizing the agents of interest and as such, uncoupling planning and investment from the power plants and grids. This has brought a problem based on the optimal and timely investment on grids, mainly when power injection is considered with high uncertainty, as it usually happens with renewable energies.

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