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| Transmission PlanningSMECs capability in transmission planning has been established and refined through years of research and development in direct association with power utilities around the world. The capability includes the application of the latest sophisticated computerised tools and methods to transmission planning problems and the formulation and development of tailor-made software products where necessary.With increasing global focus on the deregulation of the electrical power industry, utilities and independent power producers (IPPs) are striving to minimise the cost of power transmission systems whilst achieving improved overall reliability of those systems. SMEC has taken a leading role in planning power transmission systems in many countries and providing services for selection of the best transmission expansion options. Tariff design for transmission pricing is an important integral component of transmission planning. SMEC has a proven track record in the determination of these transmission tariffs based on pure economic principles such as long run marginal cost (LRMC) or to achieve key financial indicators such as internal rate of return (IRR) on the project funding phase. In the area of transmission system reliability assessment, SMEC has several in-house software packages that use Monte Carlo simulation methods for the determination of interconnected system reliability and composite reliability of generation and transmission systems. SCOPE OF SERVICES
SMEC's capability in transmission planning achieved global acclaim during the planning and implementation of the Snowy Mountains Hydroelectric Scheme, which formed the interconnecting link between the major load centres of south-eastern Australia. Since then the capability has been refined and regularly updated in accordance with world best practice. The latest sophisticated computerised tools have been developed or acquired and used to plan transmission systems in many countries. Operational results in implemented systems have confirmed the effectiveness of the planning. The services offered by SMEC are extensive and include: Transmission planning
Power system reliability assessment
Tariff design for transmission pricing
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