• Journal of Electrical Engineering and Technology
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• 제10권4호
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• pp.1460-1470
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• 2015

This paper presents an approach to solve the long-term generation expansion planning problem of the restructured electricity industry using an agent-based environment. The proposed model simulates the generation investment decisions taken by a particular agent (i.e. a generating company) in a market environment taking into account its competitors’ strategic investment. The investment decision of a particular company is modeled taking into account that such company has imperfect foresight on the future system development hence electricity prices. The delay in the construction of new plants is also explicitly modeled, in order to compute accurately the yearly revenues of each agent. On top of a conventional energy market, several capacity incentive mechanisms including capacity payment and capacity market are simulated, so as to assess their impact on the investment promotion for generation expansion. Results provide insight on the investment cycles as well as dynamic system behavior of long-term generation expansion planning in a competitive electricity industry.

• 대한전기학회논문지:전력기술부문A
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• 제53권9호
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• pp.521-528
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• 2004

The demise of the native franchise markets and the emergence of competitive markets in electricity generation service is substantially altering the way that operation and planning activity is conducted and is making it increasingly difficult for market participants such as generation firms to prospect the future electricity markets. Traditional generation expansion planning (GEP) problems which centrally determine the least-cost capacity addition plan that meets forecasted demand within pre-specified reliability criteria over a planning horizon (typically 10 to 20 years) is becoming no more valid in competitive market environments. Therefore, it requires to develop a new methodology for generation investments, which is applicable to the changed electric industry business environments and is able to address the post-privatization situation where individual generation firms seek to maximize their return on generation investments against uncertain market revenues. This paper formulates a new generation expansion planning problem and solve it in a market-oriented manner.

• 대한전기학회:학술대회논문집
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• 대한전기학회 1988년도 추계학술대회 논문집 학회본부
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• pp.102-106
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• 1988

Generally, average invest cost is widely used for expansion planning of generation in power system. But, other cost which is followed by adding generating capacity in electric system is increased in accordance with increasing plant reasons. In this study, we represent the invest cost with quadratic function and analyze its effect on the expansion planning. It is hoped that this method is used in expansion planning of generating system.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2006년도 추계학술대회 논문집 전력기술부문
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• pp.164-166
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• 2006

Wien Automatic System Planning Package (WASP) which is used to draw out generation expansion planning applies Dynamic Programming in Korea power system panning. While this package has an advantage that computes annual capacity, it has a disadvantage that can't consider environmental constraints. With the effectuation of the Kyoto Protocol in February, 2005, it is expected that CO2 emission has a severe effect on Korean power system. Therefore, as the most important issue, the generation expansion planning considering environmental constraints is rising in power system. This paper develops a mathematic model including not only generation expansion planning but transmission planning and considering regional supply-demand and environmental constraints, especially CO2 emission, and verifies propriety through the case study.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2005년도 제36회 하계학술대회 논문집 A
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• pp.760-762
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• 2005

The introduction of competition in the electricity market requires a new paradigm in the capacity planning. This paper presents a methodology on a generation expansion planning incorporating the transmission expansion planning in the government view point. The proposed idea is exercised on a case study.

• Journal of Electrical Engineering and Technology
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• 제8권4호
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• pp.686-693
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• 2013

Generation Expansion Planning (GEP) is one of the most important decision-making activities in electric utilities. Least-cost GEP is to determine the minimum-cost capacity addition plan (i.e., the type and number of candidate plants) that meets forecasted demand within a pre specified reliability criterion over a planning horizon. In this paper, Differential Evolution (DE), and Opposition-based Differential Evolution (ODE) algorithms have been applied to the GEP problem. The original GEP problem has been modified by incorporating Virtual Mapping Procedure (VMP). The GEP problem of a synthetic test systems for 6-year, 14-year and 24-year planning horizons having five types of candidate units have been considered. The results have been compared with Dynamic Programming (DP) method. The ODE performs well and converges faster than DE.

• 대한전기학회논문지:전력기술부문A
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• 제50권4호
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• pp.180-187
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• 2001

This paper proposes an efficient evolutionary programming algorithm for solving a generation expansion planning(GEP) problem known as a highly-nonlinear dynamic problem. Evolutionary programming(EP) is an optimization algorithm based on the simulated evolution (mutation, competition and selection). In this paper, new algorithm is presented to enhance the efficiency of the EP algorithm for solving the GEP problem. By a domain mapping procedure, yearly cumulative capacity vectors are transformed into one dummy vector, whose change can yield a kind of trend in the cost value. To validate the proposed approach, this algorithm is tested on two cases of expansion planning problems. Simulation results show that the proposed algorithm can provide successful results within a resonable computational time compared with conventional EP and dynamic programming.

• Nuclear Engineering and Technology
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• 제53권4호
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• pp.1369-1377
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• 2021

Nowadays, it is necessary to accelerate the construction of new power plant in face of rising energy demand in such a way that the electricity will be generated at the lowest cost while reducing emissions caused by that generation. The expansion planning is one of the most important issues in electricity management. Nuclear energy comes forward with the low-carbon technology and increasing competitiveness to expand the share of generated energy by introducing Gen IV reactors. In this paper, the generation expansion planning of these new Gen reactors is investigated using the WASP software. Iran power grid is selected as a case of study. We present a comparison of the twenty-one year perspective on the future with the development of (1) traditional thermal power plants and Gen II reactors, (2) Gen III + reactors with traditional thermal power plants, (3) Gen IV reactors and traditional thermal power plants, (4) Gen III + reactors and the new generation of the thermal power plant, (5) the new generation of thermal power plants and the Gen IV reactors. The results show that the Gen IV reactors have the most developing among other types of power plants leading to reduce the operating costs and emissions. The obtained results show that the use of new Gen of combined cycle power plant and Gen IV reactors make the emissions and cost to be reduced to 16% and 72% of Gen II NPPs and traditional thermal power plants, respectively.

• 전기학회논문지
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• 제58권5호
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• pp.918-922
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• 2009

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 cannot use 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.

• 대한전기학회:학술대회논문집
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• 대한전기학회 2008년도 추계학술대회 논문집 전력기술부문
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• pp.74-76
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• 2008

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.