| Title |
A Study on the Generation Expansion Planning System Under the Cost Based Pool |
| Authors |
한석만(Han, Seok-Man) ; 김발호(Kim, Bal-Ho H.) |
| Keywords |
Power expansion planning ; Multi-criteria decision making ; Power markets ; Regulator's power planning model ; GENCO's investment model ; Optimization model |
| 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. |