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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Power Engineering Society General Meeting, 2006. IEEE
Date of Conference: 0-0 0