Option-game-based method for generation investment analysis considering uncertain carbon reduction policy in the electricity market

Liu, G.; Zhao, Junhua; Wen, Fushuan; Yin, X.; Dong, Zhaoyang

doi:10.1049/iet-gtd.2009.0439

Cited by 11 publications

(2 citation statements)

References 7 publications

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“…Compared with traditional fossil fuels, natural gas is believed to be more promising in a carbon-constrained world due to the distinct features brought by gas-fired power generation (GPG) units, such as lower emission intensity, faster response capability, etc. Plentiful research has been conducted towards predicting the proliferation of gas in power generation [2,3]. These researches indicate that GPG from the supply side tends to take a greater share in the electricity market and electricity users from the demand side are inclined to diversify the sources of energy usage due to the growing electricity price.…”

Section: Introductionmentioning

confidence: 99%

Coordinated expansion co-planning of integrated gas and power systems

Wang

Qiu

Meng

et al. 2017

J. Mod. Power Syst. Clean Energy

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As a significant clean energy source, natural gas plays an important role in modern energy context. The growing utilization of natural gas brings uncertainties into the power system, which requires an integrated way to plan natural gas and power systems. In this paper, the co-planning process is formulated as a mixed integer nonlinear programming problem to address emerging challenges, such as system reliability evaluation, market time line mismatch, market uncertainties, demand response effect, etc. An innovative expansion co-planning (ECP) framework is established in this paper to find the best augmentation plan which comes with the minimum cost. Specifically, to cope with uncertainties in market share, decision analysis is introduced. Meanwhile, the energy conversion efficiency between gas and electricity in the coupled load center is considered in the ECP constraints. Comprehensive case studies are applied to validate the performance of proposed approach.

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Section: Introductionmentioning

confidence: 99%

Coordinated expansion co-planning of integrated gas and power systems

Wang

Qiu

Meng

et al. 2017

J. Mod. Power Syst. Clean Energy

View full text Add to dashboard Cite

show abstract

“…As a major clean source of electricity generation, natural gas plays an increasingly important role in the carbon-constrained power industry [1][2][3]. Many countries have placed great pressure on energy industry to shift power generation from coal to natural gas because it provides greater flexibility to ease the cutting of emissions.…”

Section: Introductionmentioning

confidence: 99%

Expansion co-planning for shale gas integration in a combined energy market

Qiu

Dong

Meng

et al. 2015

J. Mod. Power Syst. Clean Energy

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Shale gas resources have the potential to significantly contribute to worldwide energy portfolio. A great number shale gas reserves have been identified in many countries. Connections of newly found gas reserves to the existing energy infrastructures are challenging, as many stakeholders and market uncertainties are involved. The proposed co-planning approach is formulated as a mixed integer nonlinear programming problem so as to minimize investments and enhance the reliability of the overall system. We propose a reliability assessment approach that is applicable for the coupled gas and electricity networks. In addition, the IEEE 24-bus RTS and a test gas system are applied to validate the performance of our approach. Based on the simulation results, the novel expansion co-planning approach is a robust and flexible decision tool, which provides network planners with comprehensive information regarding trade-offs between cost and system reliability.

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Optimal control applications and methods literature survey (no. 19-20)

2010

Optim. Control Appl. Meth.

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In order to keep readers up to date, the journal will contain a list of recently published journal articles relevant to the fields of optimal control, system optimization and applications six times a year. This list is compiled from a wide range of journals. Please note that even though the list has been broadly categorized these classifications are by no means strict, and are there to assist the reader. Please also note that inclusion in the list is not an endorsement of a paper's quality. If you have any suggestions or comments, please e-mail Leonardo Giovanini at lgiovanini@fich.unl.edu.ar. OPTIMAL CONTROLChen L, Wu Z. Maximum principle for the stochastic optimal control problem with delay and application.

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Option-game-based method for generation investment analysis considering uncertain carbon reduction policy in the electricity market

Cited by 11 publications

References 7 publications

Coordinated expansion co-planning of integrated gas and power systems

Coordinated expansion co-planning of integrated gas and power systems

Expansion co-planning for shale gas integration in a combined energy market

Optimal control applications and methods literature survey (no. 19-20)

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