Economic Analysis of a Pumped Storage Project for Iran Generating System Based on Dynamic Modeling

This paper proposes a dynamic model for evaluation of a pumped storage project (PSP). The optimal expansion policy is determined by considering different alternatives (types of units: rodbar PSP (RPSP), steam turbine, 2 types of gas turbine and a combined cycle). Based on this model dynamic assessme...

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Bibliographic Details
Main Author: Sohrabi, A.R.
Format: Conference Proceeding
Language:English
Subjects:
Dynamic programming
Economic forecasting
Fuel economy
Load forecasting
Natural gas
Power generation
Power generation economics
Pumped Storage-Generating System-Economic Analysis
Shape
Thermal loading
Turbines
Online Access:Request full text
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Summary:This paper proposes a dynamic model for evaluation of a pumped storage project (PSP). The optimal expansion policy is determined by considering different alternatives (types of units: rodbar PSP (RPSP), steam turbine, 2 types of gas turbine and a combined cycle). Based on this model dynamic assessment of different alternatives (over a 20 years period and with a target loss of load probability (LOLP)) provides economic justification for RPSP
DOI:10.1109/UPEC.2006.367708