This paper presents a mixed-integer linear programming (MILP) model for the optimal long-term energy planning of a (national) power generation system. In order to capture more accurately the spatial and technical characteristics of the problem, the underlying geographical area (country) is...

This paper presents a methodology and the results of a study carried out to evaluate the long-term load management benefits of smart grid in terms of avoided cost of generation, transmission and distribution in Sultanate of Oman. The avoided transmission and distribution (T&D) capacity cost is...

A U.S. nation-wide transmission overlay is a high capacity, multi-regional transmission grid, potentially spanning all three interconnections, designed as a single integrated system to provide economic and environmental benefits to the nation. The objective of this paper is to identify benefits...

This paper proposes an improved approach to risk assessment of generation investment in the new deregulated environment using the option pricing theory. A more realistic model for electricity price in the application of real option pricing method for generation asset valuation is proposed, which...

Large integration of intermittent wind generation in power system has necessitated the inclusion of more innovative and sophisticated approaches in power system investment planning. The intermittent nature and uncertainties of wind power generation will cause the investors encounter risk in...

This paper presents a comprehensive optimal expansion planning model for an integrated generation and transmission system. The objective function used in the optimization model comprises of the capital cost of the new generating units to be built, the fuel cost incurred in running all the...