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

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

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    6 Citations (Scopus)

    Abstract

    In open generation market, the utility prefers to introduce IPPs rather than building new generators by itself if the participation of IPPs can maximize its profits. At the same time, the IPPs also want to maximize their own profits and bid against each other for participating in 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 an utility. The supply reliability and the environmental problem (CO 2 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.

    Original languageEnglish
    Title of host publication2001 IEEE Porto Power Tech Proceedings
    Pages222-227
    Number of pages6
    Volume1
    DOIs
    Publication statusPublished - 2001
    Event2001 IEEE Porto Power Tech Conference - Porto
    Duration: 2001 Sep 102001 Sep 13

    Other

    Other2001 IEEE Porto Power Tech Conference
    CityPorto
    Period01/9/1001/9/13

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    Keywords

    • CO emission
    • DP
    • Generation expansion planning
    • IPP
    • Supply reliability

    ASJC Scopus subject areas

    • Energy Engineering and Power Technology
    • Fuel Technology

    Cite this

    Jia, N. X., Yokoyama, R., & Zhou, Y. C. (2001). Advanced DP based method for power expansion planning in the deregulated market. In 2001 IEEE Porto Power Tech Proceedings (Vol. 1, pp. 222-227). [964602] https://doi.org/10.1109/PTC.2001.964602