Abstract
This chapter describes the generation expansion planning (GEP) problem in a given electric energy system. Here, we take the perspective of a central planner that determines the generation expansion plan that is most beneficial for the operation of the electric energy system as a whole. The central planner does not actually build the generating units; however, it encourages private investors to build the electricity production facilities, e.g., by using different types of incentives. Considering such a central view, we provide and describe different models for the GEP problem: from a very basic model based on a deterministic, static, and single-node approach to more complex models that consider the impact of investment timing, transmission constraints, and uncertainty on the GEP problem.
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Conejo, A.J., Baringo, L., Kazempour, S.J., Siddiqui, A.S. (2016). Generation Expansion Planning. In: Investment in Electricity Generation and Transmission. Springer, Cham. https://doi.org/10.1007/978-3-319-29501-5_3
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DOI: https://doi.org/10.1007/978-3-319-29501-5_3
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