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Optimal System Planning with Fuel Shortages and Emissions Constraints

Abstract:
Electric utility system planners must design system capacity ex-pansion paths that satisfy generation requirements at least cost. Historically, doing this required information regarding the system load duration curve and alternative fuel and capital costs. By putting fuel and capital costs into a linear program, system designers could then calculate the amount of electricity that base, intermediate, and peaking plants should generate and how much capacity each plant type should have.

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Energy Specializations: Energy Modeling – Energy Data, Modeling, and Policy Analysis; Electricity – Markets and Prices

JEL Codes:
E61 - Policy Objectives; Policy Designs and Consistency; Policy Coordination
D42 - Market Structure, Pricing, and Design: Monopoly

Keywords: Electric utilities, Optimal system planning, Fuel shortages, Emissions constraints

DOI: 10.5547/ISSN0195-6574-EJ-Vol4-No2-6


Published in Volume 4, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.