Advanced DP based method for power expansion planning in the deregulated market

Author

Jia, N.X. ; Yokoyama, R. ; Zhou, Y.C.

Author_Institution

Dept. of Electr. Eng., Tokyo Metropolitan Univ., Japan

Volume

1

fYear

2001

fDate

2001

Abstract

In an open generation market, the utility prefers to introduce IPPs rather than building new generators by itself if the participation of IPPs can maximise its profits. At the same time, the IPPs also want to maximize their own profits and bid against each other for participating in the generation market. This paper discusses the bidding conditions of IPPs based on their scenario analyses, and proposes a solution method for the utility to obtain the optimal generation expansion planning while considering the profits of IPPs from the viewpoint of a utility. The supply reliability and the environmental problem (CO₂ emission) are considered in this paper. Based on a dynamic programming (DP) approach, the feasibility of the proposed approach is demonstrated in a test power system, and an optimal generation expansion planning of utility in consideration of impact of IPPs is obtained

Keywords

air pollution; carbon compounds; dynamic programming; electricity supply industry; power generation planning; CO₂; CO₂ emission; IPP; bidding conditions; deregulated market; dynamic programming; environmental problem; generation expansion planning; independent power producers; open generation market; power expansion planning; profits maximisation; supply reliability; Costs; Dynamic programming; Environmental factors; Nuclear power generation; Petroleum; Power generation; Power generation planning; Power system planning; Power system reliability; Turbines;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Tech Proceedings, 2001 IEEE Porto

Conference_Location

Porto

Print_ISBN

0-7803-7139-9

Type

conf

DOI

10.1109/PTC.2001.964602

Filename

964602