Emmanouil Loukarakis, Konstantinos Kalaitzakis, Eftichios Koutroulis, and Georgios Stavrakakis
Monte-Carlo simulation, optimal power flow, power system interconnection, submarine interconnection
A Monte-Carlo based, probabilistic power flow method is used to evaluate different power system interconnection options. Suitable indices are proposed to assess the potential profit of each interconnection scenario and the required interconnection rating. Separate investment perspectives are identified and the respective optimal solutions are compared. Indicative results are presented regarding a possible submarine interconnection of the Greek island of Crete with the mainland grid.
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