A simulation tool to build generation expansion plans in competitive electricity markets

• Type: Article in International Conference Proceedings Book
• Date: 2011

Authors

Adelino J. C. Pereira (Author) FEUP; João Tomé Saraiva (Author) FEUP

Conference proceedings International

Title: 17th Power Systems Computation Conference, PSCC 2011

Pages: 1-7

17th Power Systems Computation Conference, PSCC 2011

22 August 2011 through 26 August 2011

Indexing

ISI Proceedings

ISI Web of Science

Scopus - 0 Citations

INSPEC

Scientific classification

FOS: Engineering and technology > Electrical engineering, Electronic engineering, Information engineering

CORDIS: Technological sciences

Other information

Authenticus ID: P-00G-QPF

Abstract (EN): This paper describes a long-term simulation model to help generation companies building expansion plans. Different from the past, the generation activity is now provided under competition, and investments are affected by uncertainties and by the decisions of other players. This paper describes the use of System Dynamics to model the evolution of the demand and of the electricity price along the planning horizon. These evolutions will then be used by individual agents to prepare their own expansion plans. These plans will globally have to comply with general constraints, typically present in Grid Codes, as for instance, a maximum value for an adequacy index as LOLE. This model and the corresponding solution algorithm will be illustrated using a Case Study to illustrate the use of the developed approach to build the expansion plans and to conduct sensitivity studies.

Language: English

Type (Professor's evaluation): Scientific

No. of pages: 7