Generation/transmission investment planning integrated with market equilibrium models in electricity markets

dc.contributor.authorÇelebi, Emre
dc.date.accessioned2019-06-28T11:12:08Z
dc.date.available2019-06-28T11:12:08Z
dc.date.issued2017
dc.departmentFakülteler, Mühendislik ve Doğa Bilimleri Fakültesi, Endüstri Mühendisliği Bölümüen_US
dc.description.abstractThis paper introduces integrated models for transmission investments anticipating the generation investments and market-clearing equilibrium. Market-clearing models for deregulated electricity markets can inform decision makers on price signals formed in the competitive market other investor's and/or generator's behaviors underlying these price signals and new generation/transmission investment decisions. Bi-level programming problems are formed for this integrated models and reformulated by using mathematical programs with equilibrium constraints (MPEC). A simultaneous optimization model (as mixed complementarity problem-MCP) is proposed to compute the same equilibrium solution of the MPEC problem. The proposed MCP model is found to be computationally more efficient than the traditional MPEC reformulations on a simple 3-bus example. These models will be useful in planning generation/transmission investments and analyzing the relations among these investments and the market outcomes. © 2017 IEEE.en_US]
dc.identifier.citation2
dc.identifier.doi10.1109/EEM.2017.7981873en_US
dc.identifier.isbn9781509054992
dc.identifier.issn2165-4077en_US
dc.identifier.issn2165-4077
dc.identifier.scopus2-s2.0-85027144032en_US
dc.identifier.scopusqualityN/A
dc.identifier.urihttps://hdl.handle.net/20.500.12469/1792
dc.identifier.urihttps://doi.org/10.1109/EEM.2017.7981873
dc.identifier.wosWOS:000411130200026en_US
dc.identifier.wosqualityN/A
dc.institutionauthorÇelebi, Emreen_US
dc.language.isoenen_US
dc.publisherIEEE Computer Societyen_US
dc.relation.journalInternational Conference on the European Energy Marketen_US
dc.relation.publicationcategoryKonferans Öğesi - Uluslararası - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectGeneration and transmission investment modelsen_US
dc.subjectMathematical programs with equilibrium constraints (MPEC)en_US
dc.subjectSimultaneous optimization by mixed complementarity problem (MCP)en_US
dc.titleGeneration/transmission investment planning integrated with market equilibrium models in electricity marketsen_US
dc.typeConference Objecten_US
dspace.entity.typePublication

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