TY - GEN
T1 - Advanced DP based method for power expansion planning in the deregulated market
AU - Jia, N. X.
AU - Yokoyama, R.
AU - Zhou, Y. C.
PY - 2001
Y1 - 2001
N2 - 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.
AB - 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.
KW - CO emission
KW - DP
KW - Generation expansion planning
KW - IPP
KW - Supply reliability
UR - http://www.scopus.com/inward/record.url?scp=35348911560&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=35348911560&partnerID=8YFLogxK
U2 - 10.1109/PTC.2001.964602
DO - 10.1109/PTC.2001.964602
M3 - Conference contribution
AN - SCOPUS:35348911560
SN - 0780371399
SN - 9780780371392
VL - 1
SP - 222
EP - 227
BT - 2001 IEEE Porto Power Tech Proceedings
T2 - 2001 IEEE Porto Power Tech Conference
Y2 - 10 September 2001 through 13 September 2001
ER -