Dynamic Stochastic EPEC Model for Competition of Dominant Producers in Generation Expansion Planning

Jaber Valinejad, Mousa Marzband, Taghi Barforoshi, Jorma Kyyrä, Edris Pouresmaeil

Research output: Chapter in Book/Report/Conference proceedingConference contributionScientificpeer-review

4 Citations (Scopus)
88 Downloads (Pure)

Abstract

This paper aims to presents dynamic stochastic an equilibrium problem with equilibrium constraints (DSEPEC) model to invistigate the generation capacity expansion at a certain time horizon and the presence of dominant producers. The DSEPEC model is proposed while there is an uncertainty in the predicted demand, and it is modeled based on discrete Markov model. Each dominant producer is modeled by a bi-level optimization problem so that the first level and the second level provide models for the investment and operation decisions, respectively. The supply function equilibrium (SFE) is used for short-term electricity market. Then, each bi-level model is convert to dynamic stochastic mathemathical problem with equilibrium constraints (DSMPEC). To convert DSEPEC to an auxiliary MILP problem, Karush-Kuhn-Tucker (KKT) conditions as well as primal-dual transformation. A sample two-buses power network is employed for simulation and necessary analysis to confirm the efficiency of the proposed framework.
Original languageEnglish
Title of host publicationProceedings of the 5th International Symposium on Environment-Friendly Energies and Applications, EFEA 2018
EditorsEzio Santini, Stefano Di Gennaro, Claudio Bruzzese
PublisherIEEE
Number of pages5
ISBN (Electronic)9781538655177
DOIs
Publication statusPublished - 16 Jan 2019
MoE publication typeA4 Article in a conference publication
EventInternational Symposium on Environment-Friendly Energies and Applications - Rome, Italy
Duration: 24 Sep 201826 Sep 2018
Conference number: 5

Conference

ConferenceInternational Symposium on Environment-Friendly Energies and Applications
Abbreviated titleEFEA
CountryItaly
CityRome
Period24/09/201826/09/2018

Keywords

  • Generation exansion
  • EPEC
  • MPEC
  • Multistage planning
  • Dynamic strochastic model

Fingerprint Dive into the research topics of 'Dynamic Stochastic EPEC Model for Competition of Dominant Producers in Generation Expansion Planning'. Together they form a unique fingerprint.

  • Cite this

    Valinejad, J., Marzband, M., Barforoshi, T., Kyyrä, J., & Pouresmaeil, E. (2019). Dynamic Stochastic EPEC Model for Competition of Dominant Producers in Generation Expansion Planning. In E. Santini, S. Di Gennaro, & C. Bruzzese (Eds.), Proceedings of the 5th International Symposium on Environment-Friendly Energies and Applications, EFEA 2018 [8617107] IEEE. https://doi.org/10.1109/EFEA.2018.8617107