The power expansion planning is large and capital intensive capacity planning. In the past, the expansion planning was established with the proper supply reliability in order to minimize social cost. However, such pla...The power expansion planning is large and capital intensive capacity planning. In the past, the expansion planning was established with the proper supply reliability in order to minimize social cost. However, such planning cannot be used in the power markets with many market participants. This paper proposed the power expansion planning process in the power markets. This system is composed of Regulator and Generation Company （GENCO）＇s model. Multi-criteria decision making rule is used for regulator model and several scenarios for GENCO model are applied.展开更多
文摘The power expansion planning is large and capital intensive capacity planning. In the past, the expansion planning was established with the proper supply reliability in order to minimize social cost. However, such planning cannot be used in the power markets with many market participants. This paper proposed the power expansion planning process in the power markets. This system is composed of Regulator and Generation Company （GENCO）＇s model. Multi-criteria decision making rule is used for regulator model and several scenarios for GENCO model are applied.
