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Cost-benefit analysis of generation additions in system planning

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2 Author(s)
S. Jonnavithula ; Bailey Network Manage., Sugar Land, TX, USA ; R. Billinton

Selection of the optimum generation reserve depends on both economic and reliability considerations. A new approach to select the optimum generator additions in a bulk power system by minimising the total costs is presented in the paper. This includes investment, operational costs and unreliability costs in the form of outage costs. The proposed approach uses the Dantzig-Wolfe decomposition approach to minimise the total costs

Published in:

IEE Proceedings - Generation, Transmission and Distribution  (Volume:145 ,  Issue: 3 )