A Price-Based Approach to Generation Investment Planning in Electricity Markets

被引:9
|
作者
Fonseka, P. A. J. [1 ]
Saha, T. K. [1 ]
Dong, Z. Y. [1 ]
机构
[1] Univ Queensland, Sch Informat Technol & Elect Engn, Brisbane, Qld, Australia
基金
澳大利亚研究理事会;
关键词
Dynamic programming; electricity markets; generation planning; Monte Carlo simulation;
D O I
10.1109/TPWRS.2008.2002287
中图分类号
TM [电工技术]; TN [电子技术、通信技术];
学科分类号
0808 ; 0809 ;
摘要
A generation planning framework is developed for a competitive, energy-only electricity market. The framework developed combines decentralized merchant investment plans stemming from market signals and technological preferences, with centralized resource planning concepts to decide optimal time-ordered investment decisions. The investment decisions maximize the new entrants' net surpluses and minimize the consumer interruption cost, accounting for many uncertain variables and technical details. The optimal plan given by the main centralized framework represents the system planner's solution derived from the set of decentralized plans. An illustrative case study is given in the paper, applying the proposed framework to the Queensland region of the National Electricity Market of Australia.
引用
收藏
页码:1859 / 1870
页数:12
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