Long-term Market Equilibrium Modeling for Generation Expansion Planning

E. Centeno, J. Reneses, R. García, J.J. Sánchez

IEEE PowerTech Conference - PowerTech 2003, Bologna (Italy). 22-26 June 2003

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.

Keywords: Electricity Competition, Electricity Generation, Market Models, Power Generation Planning and Operation, Nash-Cournot Equilibrium

DOI: https://doi.org/10.1109/PTC.2003.1304118

Publication date: 2003-06-22.

Citation:
E. Centeno, J. Reneses, R. García, J.J. Sánchez, Long-term Market Equilibrium Modeling for Generation Expansion Planning, IEEE PowerTech Conference - PowerTech 2003, Bologna (Italy). 22-26 June 2003.