Long-term Market Equilibrium Modeling for Generation Expansion Planning

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

IEEE PowerTech Conference - PowerTech 2003, Bolonia (Italia). 22-26 junio 2003

Resumen:
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.

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

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

Fecha de publicación: 2003-06-22.

Cita:
E. Centeno, J. Reneses, R. García, J.J. Sánchez, Long-term Market Equilibrium Modeling for Generation Expansion Planning, IEEE PowerTech Conference - PowerTech 2003, Bolonia (Italia). 22-26 junio 2003.