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Optimal System Planning with Fuel Shortages and Emissions Constraints

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: Q53: Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling, Q41: Energy: Demand and Supply; Prices, Q40: Energy: General, Q52: Pollution Control Adoption and Costs; Distributional Effects; Employment Effects

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 bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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