The Transactions of The Korean Institute of Electrical Engineers (전기학회논문지)

The Korean Institute of Electrical Engineers (대한전기학회)
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A Study on the Generation Expansion Planning System Under the Cost Based Pool

CBP 시장 체제하에서의 전력수급계획 수립 체계에 관한 연구

  • 한석만 (홍익대 전기정보제어공학과) ;
  • 김발호 (홍익대 전기정보제어공학과)
  • Published : 2009.05.01

Abstract

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.

Keywords

Power expansion planning;Multi-criteria decision making;Power markets;Regulator's power planning model;GENCO's investment model;Optimization model

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