Paper Information

Journal:   TABRIZ JOURNAL OF ELECTRICAL ENGINEERING   SUMMER 2016 , Volume 46 , Number 2 (76); Page(s) 159 To 174.
 
Paper: 

IMPROVEMENT OF GENERATION INVESTMENT DYNAMICS BY ENCOURAGEMENT OF INVESTMENT IN DISTRIBUTED GENERATION

 
 
Author(s):  ABDOLLAHINIA H., LATIFI M.A., SHEIBANI M.R.
 
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Abstract: 

Without capacity mechanisms, generation investment in the deregulated power system tends towards boom and bust cycles. Due to lack of significant demand response to electricity price, the cycles may jeopardize supply adequacy or even leads to a black-out in the bust periods. In this paper, encouragement of investment in distributed generations, which is designed by the regulatory body is proposed to reduce the generation investment cycles. The traditional long-term model of generation investment dynamic is modified to model and consider the regulatory policies. Moreover, an optimization model of regulatory policies is also proposed in order to preserve the supply adequacy in power system. Particle swarm optimization algorithm is employed to solve the optimization problem. The proposed model is implemented in MATLAB software. The simulation results indicate the efficiency of the proposed model in improving the boom and bust cycles and preserving supply adequacy.

 
Keyword(s): GENERATION INVESTMENT DYNAMIC, DISTRIBUTED GENERATION, BOOM AND BUST CYCLE, REGULATORY POLICY
 
References: 
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