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Expansion planning in private generation companies: a practical method

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3 Author(s)
M. K. Sheik-El-Eslami ; Dept. of Electr. Eng., Tarbiat Modares Univ., Tehran, Iran ; M. P. Moghaddam ; S. Jadid

This paper presents a new method for generation expansion planning (GEP) in private generation companies (GenCos) who act in a competitive electricity market. The method uses the historical available market information to form a statistical background for the problem, and then applies an inverse optimization procedure and some simple indices to provide an assessment for several expansion alternatives. Finally, the method is tested on a real size GenCo who acts in a real life market

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2006 IEEE Power Engineering Society General Meeting

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