Identification of Generation Expansion Plans in Competitive Markets

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dc.contributor.authorCerda, P.
dc.contributor.authorLarrain, M.
dc.contributor.authorRudnick, H.
dc.date.accessioned2024-01-10T13:13:36Z
dc.date.available2024-01-10T13:13:36Z
dc.date.issued2011
dc.description.abstractGeneration expansion planning plays a key role in the development of a power system. This paper contributes by developing a heuristic based on the results of a simulation model of the Central Interconnected System (SIC), which iteratively optimizes the number of expansion units necessary to accomplish certain assumptions and restrictions that a competitive market must meet in the long term. The first approach is from the theoretical perspective, through a review of the available literature on the subject, and the analysis of the historical development that the generation segment has at SIC, from the private and regulator perspectives. Additionally, a discussion of concepts related to the structure and assumptions that must be met in a competitive market is achieved, allowing the definition of the rules that must be followed by the heuristic. The heuristic uses a model developed by Endesa Chile, called MHT, which simulates the economic dispatch of a hidro-thermal system. The disadvantage of MHT is the massive use of computer resources, employing extensive time to run. Therefore, a number of simplifications on the input data are proposed, to reduce the simulation time; however, they produce significant distortion on the results. The heuristic is applied to a significant number of cases with different initial conditions, demonstrating a satisfactory performance under all the scenarios, which is verified by the fact that investment in new generation capacity reaches the expected levels.
dc.description.funderEndesa Chile
dc.description.funderFondecyt
dc.fechaingreso.objetodigital2024-05-23
dc.format.extent11 páginas
dc.fuente.origenWOS
dc.identifier.doi10.1109/TLA.2011.6030989
dc.identifier.issn1195-9479
dc.identifier.urihttps://doi.org/10.1109/TLA.2011.6030989
dc.identifier.urihttps://repositorio.uc.cl/handle/11534/78321
dc.identifier.wosidWOS:000295527400025
dc.information.autorucIngeniería;Rudnick H ;S/I;99167
dc.issue.numero5
dc.language.isopt
dc.nota.accesocontenido parcial
dc.pagina.final784
dc.pagina.inicio774
dc.publisherIEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
dc.revistaIEEE LATIN AMERICA TRANSACTIONS
dc.rightsacceso restringido
dc.subjectCompetitive markets
dc.subjectgeneration expansion planning
dc.subjectgeneration investment
dc.subjectheuristic
dc.subjecthidro-thermal systems simulation
dc.subjectALGORITHM
dc.subjectSYSTEMS
dc.subjectPOWER
dc.subjectMODEL
dc.subject.ods07 Affordable and Clean Energy
dc.subject.odspa07 Energía asequible y no contaminante
dc.titleIdentification of Generation Expansion Plans in Competitive Markets
dc.typeartículo
dc.volumen9
sipa.codpersvinculados99167
sipa.indexWOS
sipa.indexScopus
sipa.trazabilidadCarga SIPA;09-01-2024
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