| Title |
Optimal Generation Planning Including Pumped-Storage Plant Based on Analytic Cost Function and Maximum Principle |
| Abstract |
This paper proposes an analytic tool for long-term generation expansion planning based on the maximum principle. Many research works have been performed in the field of generation expansion planning. But few works can be found with the maxinmum principle. A recently published one worked by professor Young Moon Park et al. shows remarkable improvements in modeling and computation. But this modeling allows only thermal units. This paper has extended Professor Park's model so that the optimal pumped-storage operation is taken into account. So the ability for practical application is enhanced. In addition, the analytic supply-shortage cost function is included. The maximum principle is solved by gradient search due to its simplicity. Every iteration is treated as if mathematical programming such that all controls from the initial to the terminal time are manipulated within the same plane. Proposed methodology is tested in a real scale power system and the simulation results are compared with other available package. Capability of proposed method is fully demonstrated. It is expected that the proposed method can be served as a powerful analytic tool for long-term generation expansion planning. |