In this study, generation expansion planning (GEP) is executed with the lowest cost and pollutant emission, highest efficiency, and lowest loss of load probability (LOLP). A hybrid …
This paper presents a new uncertainty handling framework for optimal generation expansion planning (GEP) amalgamating the notions of single-stage and two-stage robust optimization …
Energy, and particularly electricity, has played and will continue to play a very important role in the development of human society. Electricity, which is the most flexible and manageable …
With the advance of communication infrastructures and the necessity of increasing the efficiency of energy systems, electricity networks are evolved towards more decentralized …
S Jin, SM Ryan - IEEE Transactions on Power Systems, 2013 - ieeexplore.ieee.org
We develop a tri-level model of transmission and generation expansion planning in a deregulated power market environment. Due to long planning/construction lead times and …
Liberalized power markets are characterized by a missing market problem: a limited availability of long-term contracts leaves risk-averse investors exposed to uninsured risk. We …
Z Zhu, KW Chan, S Bu, SW Or, S Xia - Renewable and Sustainable Energy …, 2023 - Elsevier
The incorporation of carbon emission auction market (CEAM) and ancillary service market (ASM) is an emerging trading paradigm in active distribution network (ADN). Such regime …
The first of this two-paper series proposes a methodology to characterize generation investment equilibria in a pool-based network-constrained electricity market, where the …
MT Devine, S Siddiqui - European Journal of Operational Research, 2023 - Elsevier
Modern wholesale electricity markets often have producers who exercise market power. The standard way to model market power in an oligopoly with a competitive fringe is by using …