Low Carbon Oriented Expansion Planning of Integrated Gas and Power Systems.

As a clean fuel source, natural gas plays an important role in achieving a low-carbon economy in the power industry. Owing to the uncertainties introduced by increasing utilization of natural gas in electric power system, gas system and electricity system should be planned in an integrated manner. When considering these two systems simultaneously, there are many emerging difficulties, e.g., increased system complexity and risk, market timeline mismatch, overall system reliability evaluation, etc. In this paper, a novel expansion co-planning (ECP) framework is proposed to address the above challenges. In our approach, the planning process is modeled as a mixed integer nonlinear optimization problem. The best augmentation option is a plan with the highest cost/benefit ratio. Benefits of expansion planning considered are reductions in operation cost, carbon emission cost, and unreliability cost. By identifying several scenarios based on statistical analysis and expert knowledge, decision analysis is used to tackle market uncertainties. The operational and economic interdependency of both systems are well analyzed. Case studies on a three-bus gas and two-bus power system, plus the Victorian integrated gas and electricity system in Australia are presented to validate the performance of the proposed framework. [ABSTRACT FROM PUBLISHER]