A study on the generation expansion planning system under the power markets

경쟁시장 체제하에서의 전력수급계획 수립 체계에 관한 연구

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, the planning not used cost minimizing objective function 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 GENCO's model. Regulator model used multi-criteria decision making rule. GENCO model is very complex problem. Thus, this system transacted the part by several scenario assuming GENCO model.