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Application of Electricity Market Dynamics to Generation Capacity Expansion Planning in Restructured Power System
, Ph.D. Dissertation Sharif University of Technology ; Hosseini, Hamid (Supervisor)
Abstract
In this thesis, a dynamic decision model based on the system dynamics concept is proposed for the generation capacity expansion planning of restructured power systems. In the market viewpoint framework, both the market players' behaviors and the regulatory rules are considered in the model. Short-term generation dispatch and long-term generation capacity expansion are modeled based on the technical and economical relationships in the electricity market. The proposed model contains ten different modules in order to model the energy market, the regulated incentive mechanisms, profitability assessment of investors, investment decision and capacity expansion. The modules are connected using...
Dynamic assessment of capacity investment in electricity market considering complementary capacity mechanisms
, Article Energy ; Volume 36, Issue 1 , January , 2011 , Pages 277-293 ; 03605442 (ISSN) ; Hosseini, S. H ; Sharif University of Technology
2011
Abstract
This paper proposes a decentralized market-based model for long-term capacity investment decisions in a liberalized electricity market. Investment decisions are fundamentally based on total revenues gained by investors. In most electricity markets, the complementary mechanisms are designed to ensure a desired level of reliability while covering investment costs of the suppliers. In such an environment, investment decisions are highly sensitive to expectation of price signals in both of energy market and capacity mechanisms. In this work, the system dynamics concepts are used to model the structural characteristics of electricity market such as, long-term firms' behavior and relationships...