Title :
Expansion planning in private generation companies: a practical method
Author :
Sheik-El-Eslami, Mohammad Kazem ; Moghaddam, Mohsen Parsa ; Jadid, Shahram
Author_Institution :
Dept. of Electr. Eng., Tarbiat Modares Univ., Tehran
Abstract :
This paper presents a new method for generation expansion planning (GEP) in private generation companies (GenCos) who act in a competitive electricity market. The method uses the historical available market information to form a statistical background for the problem, and then applies an inverse optimization procedure and some simple indices to provide an assessment for several expansion alternatives. Finally, the method is tested on a real size GenCo who acts in a real life market
Keywords :
optimisation; power generation economics; power generation planning; power markets; GenCo; competitive electricity market; generation expansion planning; inverse optimization; private generation companies; Electricity supply industry; Electricity supply industry deregulation; Feedback; Game theory; Investments; Life testing; Optimization methods; Power generation; Power generation economics; Uncertainty; Electricity markets; Generation Expansion Planning; Private GenCos;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1708869
