Application of Large-Scale Synthetic Power System Models for Energy Economic Studies

Due to information confidentiality issues, there is limited access to actual power system models that represent features of actual power grids for teaching, training, and research purposes. The authors' previous work describes the process of creating synthetic transmission networks, with statistics similar to those of actual power grids. Thus, this paper outlines a systematic methodology to augment the synthetic network base case for energy economic studies. The key step is to determine generator cost models by fuel type and capacity. Based on statistics summarized from the actual grids, two approaches are proposed to assign coefficients to generator cost models. To illustrate the proposed creation procedure, we describe the construction of a synthetic model for Electric Reliability Council of Texas footprint. Simulation results are presented to verify that the created test system is able to represent the behavior of actual power systems.