A network constrained bi-level model for optimal generation expansion planning and optimal determination of feed-in tariffs for renewable energy resources
This paper presents a new model for strategic generation expansion planning as well as investor decision making. The generation expansion planning in this paper is including the purchase of a guaranteed power, which is discussed at HL2. The existing problem has a target year (30 years later), which consists of several steps. Regarding time periods and strategic behavior of investors, a bi-level model is presented. The upper-level issue involves investment decisions and strategic products with the goal of maximizing investor profit and the lower-level includes market clearing equations aimed at maximizing social welfare. The bi-level model presented using the KKT conditions is converted into a problem of mathematical programming with equilibrium constraints (MPEC). In this paper, the contract price of the guaranteed purchase, the market price and the strategic offers as a variable in the problem that are in the output of the problem. The proposed model is implemented on a 6-bus network.
Rafiei, S. A., Goldani, S., & Falaghi, H. (2018). A network constrained bi-level model for optimal generation expansion planning and optimal determination of feed-in tariffs for renewable energy resources. Journal of Energy Management and Technology, 2(4), 1-9. doi: 10.22109/jemt.2018.141337.1110
MLA
Seyed Arash Rafiei; Saeedreza Goldani; Hamid Falaghi. "A network constrained bi-level model for optimal generation expansion planning and optimal determination of feed-in tariffs for renewable energy resources". Journal of Energy Management and Technology, 2, 4, 2018, 1-9. doi: 10.22109/jemt.2018.141337.1110
HARVARD
Rafiei, S. A., Goldani, S., Falaghi, H. (2018). 'A network constrained bi-level model for optimal generation expansion planning and optimal determination of feed-in tariffs for renewable energy resources', Journal of Energy Management and Technology, 2(4), pp. 1-9. doi: 10.22109/jemt.2018.141337.1110
VANCOUVER
Rafiei, S. A., Goldani, S., Falaghi, H. A network constrained bi-level model for optimal generation expansion planning and optimal determination of feed-in tariffs for renewable energy resources. Journal of Energy Management and Technology, 2018; 2(4): 1-9. doi: 10.22109/jemt.2018.141337.1110