Long-term market equilibrium modeling for generation expansion planning

This paper introduces a methodology to assist generation companies to deal with planning decisions in a competitive framework. It is based on a two-stage representation of market equilibrium. A first level computes an approximate continuous Cournot equilibrium for the entire model horizon. The secon...

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Bibliographic Details
Main Authors: Centeno, E., Reneses, J., Garcia, R., Sanchez, J.J.
Format: Conference Proceeding
Language:English
Subjects:
Companies
Distributed power generation
Economic forecasting
Electricity supply industry deregulation
Fuels
Game theory
Power generation
Power generation economics
Power generation planning
Power system modeling
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Summary:This paper introduces a methodology to assist generation companies to deal with planning decisions in a competitive framework. It is based on a two-stage representation of market equilibrium. A first level computes an approximate continuous Cournot equilibrium for the entire model horizon. The second one discretises this solution separately for each year. Some aspects of its practical implantation are discussed.
DOI:10.1109/PTC.2003.1304118