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RISModeling the effects of demand response on generation expansion planning in restructured power systems
responsiveness on decision making in generation expansion planning is modeled. Avoidance or deferment in installation of new generating units is comprehensively investigated and evaluated by introducing a new simple index. The effects of demand responsiveness...
Development of an Analytical Model for Generation Expansion Planning as a Tool to Provide Guidelines for Preventing Instability in the Long-Term Electricity Market
This paper considers the problem of deciding multiperiod investments for generation expansion planning (GEP) in restructured
power systems. This problem has presented a challenge for both market managers and suppliers regarding the stability...
Evaluation of Regulatory Impacts on Dynamic Behavior of Investments in Electricity Markets: A New Hybrid DP/GAME Framework
markets. In our approach, using Markov chains, the electric demand and growth of fuel prices have been modeled. DP has been used for solving the generation expansion planning (GEP) problem. Investment strategies of other investors in the market are modeled...