NDLI: Cost/Benefit Analysis of Generation Investments Considering System Constraints

Content Provider	IEEE Xplore Digital Library
Author	Limbu, T.R. Saha, T.K. McDonald, J.D.F.
Copyright Year	2007
Description	Author affiliation: Sch. of Inf. Technol. & Electr. Eng., Queensland Univ., Brisbane, QLD (Limbu, T.R.; Saha, T.K.)
Abstract	A new methodology for cost/benefit analysis of generation investments considering system constraints has been developed. The methodology proposes to address the uncertainties in generator outages, transmission failures and other system constraints. A sequential Monte Carlo simulation is used to simulate the random component states while subsequent generator commitment and/or load curtailment in each simulated system states is calculated through application of OPF. Network behaviour in state is then used to calculate the energy generation, revenue, amount of load curtailment, frequency, and duration of load curtailment for each plant. The proposed methodology has been applied on the IEEE RTS system and numerically validated by considering the comparative viability of different generators types and their locations. The realistic electricity prices, generator data are taken from Queensland power system of Australia to modify the RTS data. Finally, the significance of the financial benefits of extra efficiency and reliability of generators is also investigated.
Starting Page	1
Ending Page	8
File Size	527999
Page Count	8
File Format	PDF
ISBN	142441296X
ISSN	19325517
DOI	10.1109/PES.2007.385891
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-06-24
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Cost benefit analysis Investments Power generation Power system planning Power system modeling Uncertainty Electricity supply industry deregulation Electricity supply industry Meeting planning Load flow Powerformer Generation Planning Transmission Congestion Cost/Benefit analysis Expected Energy Not Served Optimal Power Flow Monte Carlo Simulation
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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