Generation expansion planning optimisation with renewable energy integration: A review

Author

Vishwamitra Oree, Sayed Z. Sayed Hassen and Peter J. Fleming

Renewable and Sustainable Energy Reviews, 2017, vol. 69, issue C, pages 790-803

Abstract: Generation expansion planning consists of finding the optimal long-term plan for the construction of new generation capacity subject to various economic and technical constraints. It usually involves solving a large-scale, non-linear discrete and dynamic optimisation problem in a highly constrained and uncertain environment. Traditional approaches to capacity planning have focused on achieving a least-cost plan. During the last two decades however, new paradigms for expansion planning have emerged that are driven by environmental and political factors. This has resulted in the formulation of multi-criteria approaches that enable power system planners to simultaneously consider multiple and conflicting objectives in the decision-making process. More recently, the increasing integration of intermittent renewable energy sources in the grid to sustain power system decarbonisation and energy security has introduced new challenges. Such a transition spawns new dynamics pertaining to the variability and uncertainty of these generation resources in determining the best mix. In addition to ensuring adequacy of generation capacity, it is essential to consider the operational characteristics of the generation sources in the planning process. In this paper, we first review the evolution of generation expansion planning techniques in the face of more stringent environmental policies and growing uncertainty. More importantly, we highlight the emerging challenges presented by the intermittent nature of some renewable energy sources. In particular, we discuss the power supply adequacy and operational flexibility issues introduced by variable renewable sources as well as the attempts made to address them. Finally, we identify important future research directions.

Keywords: Multi-criteria decision making; Multi-objective optimisation; Generation expansion planning; Intermittent renewable energy resources; Operational flexibility(search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1364032116308711
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:http://EconPapers.repec.org/RePEc:eee:rensus:v:69:y:2017:i:c:p:790-803

Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
http://www.elsevier. ... 600126/bibliographic

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from  Elsevier
Series data maintained by Dana Niculescu (repec@elsevier.com).

For further details log on website :
http://econpapers.repec.org/article/eeerensus/v_3a69_3ay_3a2017_3ai_3ac_3ap_3a790-803.htm