Cart (Loading....) | Create Account
Close category search window
 

Generation expansion planning in the competitive environment

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

3 Author(s)
Slochanal, S.M.R. ; Electr. Eng. Dept., Thiagarajar Coll. of Eng., Tamilnadu, India ; Kannan, S. ; Rengaraj, R.

This paper presents the generation expansion planning (GEP) problem in a competitive environment. In the competitive market, each power producing companies are called as generating companies (GENCOs) and they compete with each other to maximize their own profits. But the objective of the regulatory body is to stabilize the market through coordination between GENCOs by providing long term market information to GENCOs, which prevents extreme over/under investments in the electricity market. The regulatory body is also responsible for optimal generation capacity, while considering system security, national security (fuel mix ratio), social welfare and reserve margin. In this paper, the GEP problem is solved with a realistic test system comprising of 5-GENCOs. Each player performs self-optimization using particle swarm optimization (PSO) technique, assuming the strategies of other players are fixed. The competitive GEP problem is solved iteratively by self-optimizing (maximizing profit) each GENCO in turn, while satisfying the constraints.

Published in:

Power System Technology, 2004. PowerCon 2004. 2004 International Conference on  (Volume:2 )

Date of Conference:

21-24 Nov. 2004

Need Help?


IEEE Advancing Technology for Humanity About IEEE Xplore | Contact | Help | Terms of Use | Nondiscrimination Policy | Site Map | Privacy & Opting Out of Cookies

A not-for-profit organization, IEEE is the world's largest professional association for the advancement of technology.
© Copyright 2014 IEEE - All rights reserved. Use of this web site signifies your agreement to the terms and conditions.