Chance-constrained coordinated generation and transmission expansion planning considering demand response and high penetration of renewable energy

The integration of high-penetration renewable energy has led to a significant increase in the uncertainties of power systems, and coordinated generation and transmission expansion planning has attracted more and more attention. Demand response resources are regarded as a kind of virtual power supply, which can improve the flexibility of power systems and delay generation and transmission investment to a certain extent. This paper establishes a stochastic coordinated generation and transmission expansion planning model taking into account the impact of demand response programs. In particular, the demand response model describes the operating characteristics such as power, energy, reserve, response period, and response number in detail. Considering the difference in the degree of invocation of demand response programs by different power systems, the chance-constrained method is adopted, which can make the planning schemes flexibly adapt to different demand response levels and improve the practicability of the model. In the case study, numerical results of construction and operation indicate that demand response programs can play a role in replacing generation and transmission capacity. Specifically, although the response energy does not exceed 0.3% of the total load energy, the investment cost can be saved up to more than 20%. Moreover, the response level, flexibility parameters, response capacity, and the proportion of renewable energy will all affect the capacity substitution effect of demand response, which verifies the rationality and necessity of considering these factors in this paper.