Planning reconfigurable power system control for transmission enhancement with cost recovery

This project will develop (a) design theory and method for planning hybrid (discrete, continuous) power system controllers, and (b) economic systems, applicable to power system energy markets, for recovering and allocating costs of design and installation of such controllers. Discrete-event system theory and integer programming optimization methods will be used in the control design. The economic thrust will draw on the theory of public economics to determine the level and manner of regulation necessary to provide an appropriate amount of control. The impact of additional control on locational marginal prices will be studied to determine value of the control. These approaches will be illustrated using 3 testbeds, with the most evolved being a 6000 bus model of the western US. A new undergraduate course will be developed that links economics, control, and power systems issues addressed; this course will be accessible to ISU EE and Economics students.