Power system restructuring has changed transmission expansion planning (TEP) and caused many complications due to conflicting and contradictory objectives. The transmission capacity expansion would significantly affect the revenue of investor-owned renewable energy sources (RESs). Thus, the investment decisions on merchant RESs must be considered in the TEP studies conducted by the transmission system operator (TSO). In this regard, this paper aims to propose a multi-objective co-planning of investment in transmission networks and merchant RESs with three objective functions: minimizing the in...
