Generation Portfolio Analysis for a Carbon Constrained and Uncertain Future

Doherty, R. E.; Outhred, Hugh; O’Malley, Mark

doi:10.1016/b978-0-08-056887-4.00008-1

Cited by 5 publications

(8 citation statements)

References 3 publications

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“…"Macro-approach" is utilized in [9], [11] and [12]. Compared with "micro-approach", "macro-approach" is usually based on linear equilibrium, with lots of simplifications to reduce complexities of modeling.…”

Section: A Discussion On the Existing Pge Modeling Approachesmentioning

confidence: 99%

“…3) Caps on Export and Import Capacities Between Regions: (9) where represents power demand of region in year and denotes the caps of exporting and importing capacities, which are fixed according to the total available transmission capacities between regions.…”

Section: ) Bounds On Yearly Power Generations Of Plantsmentioning

confidence: 99%

“…However, with the emerging of more evidences on climate changing and CO emission reduction, impacts on PGE planning incurred by various low-carbon factors should be properly considered. In [6], [8] and [9], emission control is regarded as an additional constraint in PGE model; the impacts of large-scale utilization of wind power on power system planning are evaluated in [10]; market penetrations of clean coal and carbon capture and storage technologies (CCS) are assessed considering various political as well as economical instruments in [11] and [12], respectively. However, these researches just focus mostly on some special kinds of low-carbon factors; it is necessary to develop a comprehensive PGE planning model, which appropriately integrates all kinds of low-carbon factors, including carbon trading mechanisms, low carbon generation technologies, reduction obligations, carbon tax, etc.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Power Generation Expansion Planning Model Towards Low-Carbon Economy and Its Application in China

Chen

Xia

et al. 2010

IEEE Trans. Power Syst.

191

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Climate change poses a huge threat to human welfare. Hence, developing a low-carbon economy has become a prevailing and inevitable trend. Decarbonization of power generation, especially converting the current power mix into a low-carbon structure, will be a critical option for CO 2 emission mitigation. In this paper, an integrated power generation expansion (PGE) planning model towards low-carbon economy is proposed, which properly integrates and formulates the impacts of various low-carbon factors on PGE models. In order to adapt to the characteristics of PGE models based on low-carbon scenario, a compromised modeling approach is presented, which reasonably decreases complexities of the model, while properly keeping the significant elements and maintaining moderate precision degree. In order to illustrate the proposed model and approach, a numerical case is studied based on the background of China's power sector, making decisions on the optimal PGE plans and revealing the prospects and potentials for CO 2 emission reduction.Index Terms-Carbon capture and storage, CO 2 emission, global climate change, low-carbon economy, modeling approach, power generation expansion planning model.

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Section: A Discussion On the Existing Pge Modeling Approachesmentioning

confidence: 99%

Section: ) Bounds On Yearly Power Generations Of Plantsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Power Generation Expansion Planning Model Towards Low-Carbon Economy and Its Application in China

Chen

Xia

et al. 2010

IEEE Trans. Power Syst.

191

View full text Add to dashboard Cite

show abstract

“…Portfolio analysis of power generation under carbon emission constraints have been considered in the literature. Doherty et al (2005) analyzed how the generation portfolio in the all-Ireland system may evolve by 2020 under the emission constraint and fuel price uncertainty. A limitation of this study was its focus on a static portfolio analysis.…”

Section: Literature Reviewmentioning

confidence: 99%

Efficient fuel conversion for power generation under distributed solar generation and carbon emission regulations

Bhattacharyya

Gupta

Venkataraman

2016

The Electricity Journal

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“…The key technologies and difficulties of applying the various clean energy into the power system are analyzed in [4] [5].…”

Section: Introductionmentioning

confidence: 99%

Microgrid's Generation Expansion Planning Considering Lower Carbon Economy

Yang

Tian

2012

2012 Asia-Pacific Power and Energy Engineering Conference

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Based on the traditional generation expansion planning for bulk power system, the issue on the generation expansion planning model of Microgrid is discussed in this paper considering lower carbon economy, and the carbon trading under Clean Development Mechanism (CDM) in "Kyoto Protocol" is taken into account. An improved genetic algorithm -matrix real-coded genetic algorithm is applied, in which the encoded method and the operator have been modified, so not only the global convergence but also the optimization speed are both updated. The simulation results show that the proposed model and improved algorithm are effective.

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Generation Portfolio Analysis for a Carbon Constrained and Uncertain Future

Cited by 5 publications

References 3 publications

Power Generation Expansion Planning Model Towards Low-Carbon Economy and Its Application in China

Power Generation Expansion Planning Model Towards Low-Carbon Economy and Its Application in China

Efficient fuel conversion for power generation under distributed solar generation and carbon emission regulations

Microgrid's Generation Expansion Planning Considering Lower Carbon Economy

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