This paper proposes and implements an ex ante approach to estimating thermal electric power system long-run average and peak and off-peak marginal costs subject to pollution emission constraints. Mixed-integer programming is used as a framework for a static, cost-minimizing model of system...

The problem of optimal planning of an electric power system is formulated as a cost minimizing mixed-integer mathematical program. The model emphasizes system reliability, requiring reserve generating capacity such that a Loss of Load Probability criterion of one day in ten years is met. Integer...