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dc.contributor.authorValinejad, Jaber
dc.contributor.authorMarzband, Mousa
dc.contributor.authorFunsho Akorede, Mudathir
dc.contributor.authorD Elliott, Ian
dc.contributor.authorGodina, Radu
dc.contributor.authorMatias, João Carlos de Oliveira
dc.contributor.authorPouresmaeil, Edris
dc.date.accessioned2018-10-31T17:00:31Z
dc.date.available2018-10-31T17:00:31Z
dc.date.issued2018-10-22
dc.identifier.citationValinejad, J.; Marzband, M.; Funsho Akorede, M.; D Elliott, I.; Godina, R.; Matias, J.C.O.; Pouresmaeil, E. Long-Term Decision on Wind Investment with Considering Different Load Ranges of Power Plant for Sustainable Electricity Energy Market. Sustainability 2018, 10, 3811.
dc.identifier.urihttp://hdl.handle.net/10919/85610
dc.description.abstractThe aim of this paper is to provide a bi-level model for the expansion planning on wind investment while considering different load ranges of power plants in power systems at a multi-stage horizon. Different technologies include base load units, such as thermal and water units, and peak load units such as gas turbine. In this model, subsidies are considered as a means to encourage investment in wind turbines. In order that the uncertainties related to demand and the wind turbine can be taken into consideration, these effects are modelled using a variety of scenarios. In addition, the load demand is characterized by a certain number of demand blocks. The first-level relates to the issue of investment in different load ranges of power plants with a view to maximizing the investment profit whilst the second level is related to the market-clearing where the priority is to maximize the social welfare benefits. The bi-level optimization problem is then converted to a dynamic stochastic mathematical algorithm with equilibrium constraint (MPEC) and represented as a mixed integer linear program (MILP) after linearization. The proposed framework is examined on a real transmission network. Simulation results confirm that the proposed framework can be a useful tool for analyzing the investments different load ranges of power plants on long-term strategic decision-making.
dc.format.mimetypeapplication/pdf
dc.languageen_USen_US
dc.publisherMDPI
dc.rightsCreative Commons Attribution 4.0 International
dc.rights.urihttps://creativecommons.org/licenses/by/4.0
dc.titleLong-Term Decision on Wind Investment with Considering Different Load Ranges of Power Plant for Sustainable Electricity Energy Marketen_US
dc.typeArticle - Refereeden_US
dc.date.updated2018-10-31T15:28:18Z
dc.title.serialSustainability
dc.identifier.doihttps://doi.org/10.3390/su10103811
dc.type.dcmitypeText


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Creative Commons Attribution 4.0 International
License: Creative Commons Attribution 4.0 International