Abstract
A new framework for the operations and expansion of the electric power industry would integrate technical and economic objectives under competition into a reliable, real-time, near-optimal industry. Proper integration of existing assets into the framework and valuation of the services that they provide to the system, could greatly reduce the problem of stranded assets. The achieved optimility depends on the type of economic and technical feedbacks in real time.
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Ilić, M.D., Hyman, L., Allen, E.H., Cordero, R., Yu, CN. (1997). Interconnected System Operations and Expansion Planning in a Changing Industry:Coordination vs. Competition. In: Awerbuch, S., Preston, A. (eds) The Virtual Utility. Topics in Regulatory Economics and Policy Series, vol 26. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6167-5_13
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DOI: https://doi.org/10.1007/978-1-4615-6167-5_13
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