Title :
Emerging issues in power system planning
Author :
Bhavaraju, Murty P. ; Hebson, James D., Jr. ; Wood, William
Author_Institution :
Pub. Service Electr. & Gas Co., Newark, NJ, USA
fDate :
6/1/1989 12:00:00 AM
Abstract :
Uncertainties in load growth, fuel prices, and regulation are all factors leading to complexity in power-system planning. The criteria and constraints that are important in system planning are reliability, environmental standards, economics, financial ability, and societal impacts. Some of the criteria conflict with the others, requiring some tradeoffs in making planning decisions. To plan a system considering these criteria, detailed analytical studies that typically simulate the operation of the system under the projected future conditions are performed. Attributes such as reliability levels and price of electricity estimated form these studies for different plans are compared to choose the robust plan. Least-cost or integrated resource planning, nonutility generation, and capacity purchases are specifically addressed to illustrate the technical and institutional issues involved in the electric utility planning process
Keywords :
power system planning; capacity purchases; constraints; criteria; economics; electric utility planning process; environmental standards; financial ability; fuel prices; institutional issues; integrated resource planning; least cost planning; load growth; nonutility generation; power system planning; price of electricity; regulation; reliability; societal impacts; tradeoffs; Analytical models; Environmental economics; Fuel economy; Performance analysis; Power generation economics; Power system economics; Power system planning; Power system reliability; Process planning; Uncertainty;
Journal_Title :
Proceedings of the IEEE