Research Article

Block-Based Multicut Benders Decomposition Algorithm for Transmission and Energy Storage Co-Planning

Table 4

Simulation results for the 118-bus modified IEEE-118 test system.

Simulation caseSolution techniqueNumber of iterationsComputational time (h)Added linesAdded storagesOpe. cost (M$)Inv. cost (M$)

MILP-3cplexmilp1.4416–17, 19–342x (3), 1x (4), 1x (6)273.7428.60
D-8Proposal332 + 80.88 + 0.0216–17, 19–342x (4), 2x (6)273,8028.60
MILP-4cplexmilp5.6016–17, 19–342x (3), 1x (4), 1x (6)531.2128.60
D-9Proposal221 + 61.29 + 0.038–5, 19–341x (3), 2x (6)531.2229.67
MILP-5cplexmilp
D-10Proposal33 + 72.14 + 0.348–5, 19–341x (3), 2x (6)1,994.0735.57