Integrating local market operations into transmission investment: A tri-level optimization approach

The rise of Local Energy Markets (LEMs) and increasing local flexibility present a key research question: How do local flexibility and LEM operations impact merchant-regulated transmission investments? This paper introduces a novel tri-level framework to integrate local market dynamics into transmis...

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Bibliographic Details

Published in:	Applied energy Vol. 378; p. 124721
Main Authors:	Xia, Yuxin, Savelli, Iacopo, Morstyn, Thomas
Format:	Journal Article
Language:	English
Published:	Elsevier Ltd 15.01.2025
Subjects:	Decision analysis energy Flexibility Local energy markets markets social welfare system optimization Transmission investment Tri-level optimization Tri-level optimization Local energy markets Decision analysis Transmission investment Flexibility
ISSN:	0306-2619
Online Access:	Get full text
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