Evaluating interconnector investments in the north European electricity system considering fluctuating wind power penetration

With increasing amounts of power generation from intermittent sources like wind, transmission planning has not only to account for the expected load curve but also for the stochasticity of volatile power infeeds. Moreover investments in power generation are no longer centrally planned in deregulated power markets but rather decided on competitive grounds by individual power companies. This poses particular challenges when it comes to evaluating the benefits of increased interconnection capacities in large-scale systems like the European transmission system.