Transmission Grid Resiliency Investment Optimization Model with SOCP Recovery Planning

In the face of increasing natural disasters and an aging grid, utilities need to optimally choose investments to the existing infrastructure to promote resiliency. This paper presents a new investment decision optimization model to minimize unserved load over the recovery time and improve grid resilience to extreme weather event scenarios. Our optimization model includes a network power flow model which decides generator status and generator dispatch, optimal transmission switching (OTS) during the multi-time period recovery process, and an investment decision model subject to a given budget. Investment decisions include the hardening of transmission lines, generators, and substations. Our model uses a second order cone programming (SOCP) relaxation of the AC power flow model and is compared to the classic DC power flow approximation. A case study is provided on the 73-bus RTS-GMLC test system for various investment budgets and multiple hurricane scenarios to highlight the difference in optimal investment decisions between the SOCP model and the DC model, and demonstrate the advantages of OTS in resiliency settings. Results indicate that the network models yield different optimal investments, unit commitment, and OTS decisions, and an AC feasibility study indicates our SOCP resiliency model is more accurate than the DC model.