Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments
The process of liberalization of power markets has led to a paradigm shift in the joint expansion planning of the generation and transmission segments. The assessment of this problem is even more complex when considering the uncertainties that usually determine the long-term evolution of the system....
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| Other Authors: | , , |
| Format: | article |
| Language: | English |
| Published: |
2017
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| Online Access: | http://hdl.handle.net/20.500.14066/3328 |
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| _version_ | 1870612067419947008 |
|---|---|
| author | Blanco Bogado, Gerardo Alejandro |
| author2 | Arevalo González, Mario Salomon Ríos, Daniel Baum Ramos, Gabriel Fernando |
| author2_role | author author author |
| author_browse | Arevalo González, Mario Salomon Baum Ramos, Gabriel Fernando Blanco Bogado, Gerardo Alejandro Ríos, Daniel |
| author_facet | Blanco Bogado, Gerardo Alejandro Arevalo González, Mario Salomon Ríos, Daniel Baum Ramos, Gabriel Fernando |
| author_role | author |
| bitstream.checksum.fl_str_mv | 17e951d69960fd8b684358d5b6f4915e 858b22fda432bd774e469302988c1974 446d40680acd43c61cd5b1257ddc2081 |
| bitstream.checksumAlgorithm.fl_str_mv | MD5 MD5 MD5 |
| bitstream.url.fl_str_mv | http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3328/1/14-INV-271art5.pdf http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3328/2/license.txt http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3328/3/14-INV-271art5.pdf.txt |
| dc.contributor.other.es.fl_str_mv | Universidad Nacional de Asunción - Facultad Politécnica |
| dc.creator.none.fl_str_mv | Blanco Bogado, Gerardo Alejandro Arevalo González, Mario Salomon Ríos, Daniel Baum Ramos, Gabriel Fernando |
| dc.date.accessioned.none.fl_str_mv | 2022-04-24T04:05:22Z |
| dc.date.available.none.fl_str_mv | 2022-04-24T04:05:22Z |
| dc.date.issued.none.fl_str_mv | 2017 |
| dc.identifier.uri.none.fl_str_mv | http://hdl.handle.net/20.500.14066/3328 |
| dc.language.iso.es.fl_str_mv | eng |
| dc.relation.projectCONACYT.es.fl_str_mv | 14-INV-271 |
| dc.rights.accessRights.es.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.subject.classification.es.fl_str_mv | 5. Energía |
| dc.subject.other.es.fl_str_mv | FLEXIBILITY INTEGRATED PLANNING LEAST SQUARE MONTE CARLO REAL OPTION REGULATION STOCHASTIC SIMULATION UNCERTAINTY VALUATION ENERGIA ELECTRICA |
| dc.title.es.fl_str_mv | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| dc.type.es.fl_str_mv | info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
| description | The process of liberalization of power markets has led to a paradigm shift in the joint expansion planning of the generation and transmission segments. The assessment of this problem is even more complex when considering the uncertainties that usually determine the long-term evolution of the system. Moreover, and from the point of view of regulators and policy makers, an optimal assessment is of great interest because the lack of coordination between the two types of investment can jeopardize competition and efficiency in the whole electricity sector. In this regard, the literature suggests the use of holistic approaches, which necessarily evaluate the risks associated with the coordination of investments in the power system, in order to allow regulators to identify an efficient investment alternative, considering scenarios in which the uncertain variables evolve unfavorably. In this context, this paper test a method to assess the joint expansion planning of the generation and transmission segments, considering the inherent flexibility of generation investments, using the Real Options Valuation approach, calculated with the Least Squares Monte Carlo. In order to validate this method, a case study has been simulated. It is shown that the consideration of investments’ flexibility allows increasing the system-wide social benefit through the coordinated planning of the generation and transmission segments. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | CONACYT_4d76ff89128a9b6ef456e6b56bbe9a10 |
| language | eng |
| network_acronym_str | CONACYT |
| network_name_str | Repositorio Institucional CONACYT |
| oai_identifier_str | oai:repositorio.conacyt.gov.py:20.500.14066/3328 |
| publishDate | 2017 |
| publishDateSort | 2017 |
| repository.mail.fl_str_mv | repositorio.institucional@conacyt.gov.py |
| repository.name.fl_str_mv | Repositorio Institucional CONACYT |
| repository_id_str | |
| spelling | 16060078600e677ad4c-c59a-4ca1-ae32-06d57b774b62600136600Universidad Nacional de Asunción - Facultad Politécnica2022-04-24T04:05:22Z2022-04-24T04:05:22Z2017http://hdl.handle.net/20.500.14066/3328The process of liberalization of power markets has led to a paradigm shift in the joint expansion planning of the generation and transmission segments. The assessment of this problem is even more complex when considering the uncertainties that usually determine the long-term evolution of the system. Moreover, and from the point of view of regulators and policy makers, an optimal assessment is of great interest because the lack of coordination between the two types of investment can jeopardize competition and efficiency in the whole electricity sector. In this regard, the literature suggests the use of holistic approaches, which necessarily evaluate the risks associated with the coordination of investments in the power system, in order to allow regulators to identify an efficient investment alternative, considering scenarios in which the uncertain variables evolve unfavorably. In this context, this paper test a method to assess the joint expansion planning of the generation and transmission segments, considering the inherent flexibility of generation investments, using the Real Options Valuation approach, calculated with the Least Squares Monte Carlo. In order to validate this method, a case study has been simulated. It is shown that the consideration of investments’ flexibility allows increasing the system-wide social benefit through the coordinated planning of the generation and transmission segments.Consejo Nacional de Ciencia y TecnologíaPROCIENCIAeng5. EnergíaFLEXIBILITYINTEGRATED PLANNINGLEAST SQUARE MONTE CARLOREAL OPTIONREGULATIONSTOCHASTIC SIMULATIONUNCERTAINTYVALUATIONENERGIA ELECTRICAPower Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investmentsinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion14-INV-271info:eu-repo/semantics/openAccessBlanco Bogado, Gerardo AlejandroArevalo González, Mario SalomonRíos, DanielBaum Ramos, Gabriel FernandoORIGINAL14-INV-271art5.pdf14-INV-271art5.pdf14-INV-271art5application/pdf1177827http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3328/1/14-INV-271art5.pdf17e951d69960fd8b684358d5b6f4915eMD51LICENSElicense.txtlicense.txttext/plain; charset=utf-81698http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3328/2/license.txt858b22fda432bd774e469302988c1974MD52TEXT14-INV-271art5.pdf.txt14-INV-271art5.pdf.txtExtracted texttext/plain7089http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3328/3/14-INV-271art5.pdf.txt446d40680acd43c61cd5b1257ddc2081MD5320.500.14066/3328oai:repositorio.conacyt.gov.py:20.500.14066/33282026-02-12 19:30:25.558Repositorio Institucional CONACYTrepositorio.institucional@conacyt.gov.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 |
| spellingShingle | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments Blanco Bogado, Gerardo Alejandro 5. Energía FLEXIBILITY INTEGRATED PLANNING LEAST SQUARE MONTE CARLO REAL OPTION REGULATION STOCHASTIC SIMULATION UNCERTAINTY VALUATION ENERGIA ELECTRICA |
| status_str | publishedVersion |
| title | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| title_full | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| title_fullStr | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| title_full_unstemmed | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| title_short | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| title_sort | Power Generation and Transmission Expansion Planning under Uncertainty considering Flexibility in Generation Investments |
| topic | 5. Energía FLEXIBILITY INTEGRATED PLANNING LEAST SQUARE MONTE CARLO REAL OPTION REGULATION STOCHASTIC SIMULATION UNCERTAINTY VALUATION ENERGIA ELECTRICA |
| url | http://hdl.handle.net/20.500.14066/3328 |