Generation Expansion Planning in the Age of Green Economy

Careri, F.; Genesi, C.; Marannino, P.; Montagna, Maria Teresa; Rossi, Stefano Marco Paolo; Siviero, I.

doi:10.1109/tpwrs.2011.2107753

Cited by 98 publications

(36 citation statements)

References 25 publications

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“…GEP literature also contains various methods and mathematical functions to evaluate the quantity of pollutants released by each fossil‐fuel based generation technology. Some of these include the linear model, the quadratic polynomial model, hybrid polynomial and exponential emission function, and emission coefficients method …”

Section: Environmental Considerationsmentioning

confidence: 99%

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A comprehensive state‐of‐the‐art survey on power generation expansion planning with intermittent renewable energy source and energy storage

2019

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Summary Generation expansion planning (GEP) is a power plant mix problem that identifies what, where, when, and how new generating facilities should be installed and when old units be retired over a specific planning horizon. GEP ensures that the quantity of electricity generated matches the electricity demand throughout the planning horizon. This kind of planning is of importance because most production and service delivery is dependent on availability of electricity. Over the years, the traditional GEP approaches have evolved to produce more realistic models and new solution algorithms. For example, with the agitation for green environment, the inclusion of renewable energy plants and energy storage in the traditional GEP model is gradually gaining attention. In this regards, a handful of research has been conducted to identify the optimal expansion plans based on various energy‐related perspectives. The appraisal and classification of studies under these topics are necessary to provide insights for further works in GEP studies. This article therefore presents a comprehensive up‐to‐date review of GEP studies. Result from the survey shows that the integration of demand side management, energy storage systems (ESSs), and short‐term operational characteristics of power plants in GEP models can significantly improve flexibility of power system networks and cause a change in energy production and the optimal capacity mix. Furthermore, this article was able to identify that to effectively integrate ESS into the generation expansion plan, a high temporal resolution dimension is essential. It also provides a policy discussion with regard to the implementation of GEP. This survey provides a broad background to explore new research areas in order to improve the presently available GEP models.

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Section: Environmental Considerationsmentioning

confidence: 99%

“…Another way to mitigate this challenge is the adoption of storage units . Various authors have included the integration of RE sources in GEP problem . From the reviewed literature, the use of wind and solar PV in GEP studies has received considerable attention.…”

Section: Environmental Considerationsmentioning

confidence: 99%

A comprehensive state‐of‐the‐art survey on power generation expansion planning with intermittent renewable energy source and energy storage

2019

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“…There are many applications of generalized Benders decomposition technique in power systems engineering literature (e.g. see [21][22][23][24][25][26]). However, most of these surveys use the decomposition approach to speed up the computations.…”

Section: Decomposition Approachmentioning

confidence: 99%

A dynamic model for coordination of generation and transmission expansion planning in power systems

Alizadeh

Jadid

2015

International Journal of Electrical Power & Energy Systems

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“…The upper level considers investment decisions, and the lower level is associated with the market clearing process. Generation expansion planning (GEP) with emission control has been considered in the previous studies . One study presents comparison of different metaheuristic techniques to solve GEP problem.…”

Section: Introductionmentioning

confidence: 99%

Coordinated planning of generation capacity and transmission network expansion: A game approach with multi-leader-follower

Akbari¹,

Moghaddam

Poorghanaat

et al. 2017

Int. Trans. Electr. Energ. Syst.

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This paper provides a novel structure to coordinate decentralized expansion planning of generation capacity and transmission grid in which both generation and transmission sectors of power system is deregulated. The problem forms a Stackelberg bilevel game with multileaders and multifollowers. In this hierarchical game at the upper problem, generating companies make their strategic decisions to maximize their profit and at the lower problem, the transmission companies' strategic behaviors are formulated. Also, both upper and lower level problems, themselves, fall into the form of a bilevel optimization problem in which in the first level the utilities' profit maximization is formulated, while the second level formulates the electricity market clearing process. These 2 bilevel problems at upper and lower level are handled by Karush-Kuhn-Tucker (KKT) conditions. Finally, the formulated multi-leader-follower game is solved using diagonalization method. The results obtained show that the effectiveness of the proposed planning framework. KEYWORDS coordinated planning, diagonalization method, generation and transmission expansion planning, multi-leader-follower game | INTRODUCTIONRestructuring of electricity industry has brought major challenges to the electricity network planners. Now, utilities in this new structure strategically make decision to maximize their benefits, rather than a least-cost operation approach. Unbundling of generation, transmission grid, and distribution sectors of a power system even makes the planning more complicated than before.Recently, many studies and researches have been done addressing the problem of generation capacity and network planning in a deregulated market. A game with incomplete information has been presented in 1 study 1 in which a bilevel optimization model is introduced to study the competitive NOMENCLATURE: This section presents notations used in this paper. Other symbols are defined where they are used, if needed.

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Generation Expansion Planning in the Age of Green Economy

Cited by 98 publications

References 25 publications

A comprehensive state‐of‐the‐art survey on power generation expansion planning with intermittent renewable energy source and energy storage

A comprehensive state‐of‐the‐art survey on power generation expansion planning with intermittent renewable energy source and energy storage

A dynamic model for coordination of generation and transmission expansion planning in power systems

Coordinated planning of generation capacity and transmission network expansion: A game approach with multi-leader-follower

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