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Coordination of flexible generation and transmission investments under uncertainty

The liberalization of power markets has led to a paradigm shift in the scope of the generation and transmission expansion planning. The assessment of this issue is complex because of the uncertainties that usually determine the long term evolution of the market. Moreover, and from the point of view...

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Main Author: Blanco Bogado, Gerardo Alejandro (author)
Other Authors: Baum Ramos, Gabriel Fernando (author), Arevalo González, Mario Salomon (author)
Format: article
Language:English
Published: 2017
Subjects:
5. Energía
FLEXIBILITY
LEAST SQUARE MONTE CARLO
REAL OPTIONS VALUATION
REGULATION
UNCERTAINTY
ENERGIA ELECTRICA
Online Access:http://hdl.handle.net/20.500.14066/3347
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author Blanco Bogado, Gerardo Alejandro
author2 Baum Ramos, Gabriel Fernando
Arevalo González, Mario Salomon
author2_role author
author
author_browse Arevalo González, Mario Salomon
Baum Ramos, Gabriel Fernando
Blanco Bogado, Gerardo Alejandro
author_facet Blanco Bogado, Gerardo Alejandro
Baum Ramos, Gabriel Fernando
Arevalo González, Mario Salomon
author_role author
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bitstream.checksumAlgorithm.fl_str_mv MD5
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bitstream.url.fl_str_mv http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3347/1/14-INV-271art13.pdf
http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3347/2/license.txt
http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3347/3/14-INV-271art13.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
Baum Ramos, Gabriel Fernando
Arevalo González, Mario Salomon
dc.date.accessioned.none.fl_str_mv 2022-04-24T15:00:03Z
dc.date.available.none.fl_str_mv 2022-04-24T15:00:03Z
dc.date.issued.none.fl_str_mv 2017
dc.identifier.uri.none.fl_str_mv http://hdl.handle.net/20.500.14066/3347
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
LEAST SQUARE MONTE CARLO
REAL OPTIONS VALUATION
REGULATION
UNCERTAINTY
ENERGIA ELECTRICA
dc.title.es.fl_str_mv Coordination of flexible generation and transmission investments under uncertainty
dc.type.es.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
description The liberalization of power markets has led to a paradigm shift in the scope of the generation and transmission expansion planning. The assessment of this issue is complex because of the uncertainties that usually determine the long term evolution of the market. 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 two types of investments can jeopardize competition and efficiency in the whole sector. In this regard, the literature suggests the use of holistic approaches, which are a suitable to address risks associated to the coordination of investments in the power market. This allows regulators to identify an efficient investment alternative, even in scenarios in which the uncertain variables evolve unfavorably. In that context, this paper proposes an improved method to assess the joint Transmission and Generation Expansion Planning segments, considering the inherent flexibility of generation investments, using the Real Options Valuation approach, calculated with the Least Squares Monte Carlo.
eu_rights_str_mv openAccess
format article
id CONACYT_fc64f68b44e7bd01f9c6b1f6da79d9d6
language eng
network_acronym_str CONACYT
network_name_str Repositorio Institucional CONACYT
oai_identifier_str oai:repositorio.conacyt.gov.py:20.500.14066/3347
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 16060013660078600Universidad Nacional de Asunción - Facultad Politécnica2022-04-24T15:00:03Z2022-04-24T15:00:03Z2017http://hdl.handle.net/20.500.14066/3347The liberalization of power markets has led to a paradigm shift in the scope of the generation and transmission expansion planning. The assessment of this issue is complex because of the uncertainties that usually determine the long term evolution of the market. 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 two types of investments can jeopardize competition and efficiency in the whole sector. In this regard, the literature suggests the use of holistic approaches, which are a suitable to address risks associated to the coordination of investments in the power market. This allows regulators to identify an efficient investment alternative, even in scenarios in which the uncertain variables evolve unfavorably. In that context, this paper proposes an improved method to assess the joint Transmission and Generation Expansion Planning segments, considering the inherent flexibility of generation investments, using the Real Options Valuation approach, calculated with the Least Squares Monte Carlo.Consejo Nacional de Ciencia y TecnologíaPROCIENCIAeng5. EnergíaFLEXIBILITYLEAST SQUARE MONTE CARLOREAL OPTIONS VALUATIONREGULATIONUNCERTAINTYENERGIA ELECTRICACoordination of flexible generation and transmission investments under uncertaintyinfo:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersion14-INV-271info:eu-repo/semantics/openAccessBlanco Bogado, Gerardo AlejandroBaum Ramos, Gabriel FernandoArevalo González, Mario SalomonORIGINAL14-INV-271art13.pdf14-INV-271art13.pdf14-INV-271art13application/pdf391060http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3347/1/14-INV-271art13.pdf425f767bdd11a74c59e6898aa059d1e5MD51LICENSElicense.txtlicense.txttext/plain; charset=utf-81698http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3347/2/license.txt858b22fda432bd774e469302988c1974MD52TEXT14-INV-271art13.pdf.txt14-INV-271art13.pdf.txtExtracted texttext/plain19753http://repositorio.conacyt.gov.py/bitstream/20.500.14066/3347/3/14-INV-271art13.pdf.txt2ed2a840e871e89bae21c1d75196ba8eMD5320.500.14066/3347oai:repositorio.conacyt.gov.py:20.500.14066/33472026-02-12 19:30:25.906Repositorio Institucional CONACYTrepositorio.institucional@conacyt.gov.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
spellingShingle Coordination of flexible generation and transmission investments under uncertainty
Blanco Bogado, Gerardo Alejandro
5. Energía
FLEXIBILITY
LEAST SQUARE MONTE CARLO
REAL OPTIONS VALUATION
REGULATION
UNCERTAINTY
ENERGIA ELECTRICA
status_str publishedVersion
title Coordination of flexible generation and transmission investments under uncertainty
title_full Coordination of flexible generation and transmission investments under uncertainty
title_fullStr Coordination of flexible generation and transmission investments under uncertainty
title_full_unstemmed Coordination of flexible generation and transmission investments under uncertainty
title_short Coordination of flexible generation and transmission investments under uncertainty
title_sort Coordination of flexible generation and transmission investments under uncertainty
topic 5. Energía
FLEXIBILITY
LEAST SQUARE MONTE CARLO
REAL OPTIONS VALUATION
REGULATION
UNCERTAINTY
ENERGIA ELECTRICA
url http://hdl.handle.net/20.500.14066/3347

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