A Price-Based Approach to Generation Investment Planning in Electricity Markets

Incorporating weather uncertainty in demand forecasts for electricity market planning

“…Now, decisions are no longer solely driven by reliability of supply concerns, but rather there can also be a dependence on market outcomes signalling the need for physical system enhancement through new generation or transmission augmentation (Harris 2006;Fonseka, Saha, and Dong 2008).…”

Scenario reduction, network aggregation, and DC linearisation: which simplifications matter most in operations and planning optimisation?

“…Meanwhile, if the ATC between two buses is high, it means that more power can transfer between them, and their electricity prices are more likely to converge. Therefore, for purposes of GEP or TEP analyses, such buses logically belong in the same sub‐system [18].…”

An investigation of the effect of changes of planning criteria on power system expansion planning with a case study of the Jordanian power system

“…Price profiles are determined through market simulations. The resulting method is a hybrid between decentralized investor plans stemming from market signals and technological preferences, and centralized resource planning concepts to decide optimal timeordered investment decisions (Fonseka et al, 2008).…”