An electricity generation planning model incorporating demand response

Energy Policy

Volumn 42, Issue , 2012, Pages 429-441

  Choi, Dong Gu ^a   Thomas, Valerie M ^a,b  

^a Georgia Institute of Technology   (United States)

^b GEORGIA INSTITUTE OF TECHNOLOGY   (United States)

Author keywords

Demand elasticity; Electric power system; Optimization model

Indexed keywords

A-CARBON; CARBON EMISSIONS; DEMAND ELASTICITIES; DEMAND RESPONSE; ELECTRIC POWER; ELECTRICITY GENERATION; ELECTRICITY GENERATION PLANNING; FREE ALLOCATION; GENERATING CAPACITY; GENERATION MIX; MODERATING EFFECT; OPERATION PLAN; OPTIMIZATION MODEL; OPTIMIZATION MODELS; POLICY DESIGN; PRICE CHANGES; RENEWABLE ELECTRICITY;

CARBON; COSTS; ELASTICITY; ELECTRIC POWER SYSTEMS; ELECTRICITY; ENERGY POLICY; INVESTMENTS; MATHEMATICAL MODELS; OPTIMIZATION; POWER TRANSMISSION;

ELECTRIC GENERATORS;

CARBON EMISSION; DEMAND ANALYSIS; ELECTRICITY GENERATION; ELECTRICITY SUPPLY; EMISSION CONTROL; ENERGY PLANNING; ENERGY POLICY; MODELING; OPTIMIZATION; PRICE DYNAMICS; RENEWABLE RESOURCE;

UNITED STATES;

EID: 84856271744     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2011.12.008     Document Type: Article

References (52)

1. 2 prices and carbon capture investments. Energy Economics 2008, 30:2992-3015.
2. Anderson D. Models for determining least-cost investments in electricity supply. Bell Journal of Economics and Management Science 1972, 3:267-299.
3. Bernstein, M., Griffin, J., 2006. Regional differences in the price-elasticity of demand for energy. Technical Report NREL/SR-620-39512, National Renewable Energy Laboratory. Available online at: http://www.nrel.gov/docs/fy06osti/39512.pdf.
4. Bessiere F. The Investment 85 model for electricite de France. Management Science 1970, 17:192-211.
5. Bird L., Chapman C., Logan J., Summer J., Short W. Evaluating renewable portfolio standards and carbon cap scenarios in the U.S. electric sector. Energy Policy 2011, 39:2573-2585.
6. Borin S., Levin T., Thomas M.V. Estimates of the Cost of New Electricity Generation in the South 2010, Georgia Institute of Technology, Atlanta, GA.
7. Brand B., Zingerle J. The renewable energy targets of the Maghreb countries: impact on electricity supply and conventional power markets. Energy Policy 2010, 10.1016/j.enpol.2010.10.010.
8. Burtraw D., Palmer K. Compensation rules for climate policy in the electricity sector. Journal of Policy Analysis and Management 2008, 27:819847.
9. Cerisola S., Baillo A., Fernandez-Lopz J.M., Ramos A., Gollmer R. Stochastic power generation unit commitment in electricity markets: a novel formulation and a comparison of solution methods. Operations Research 2009, 57:32-46.
10. Chen, Y., Liu, A.L., Hobbs, B.F., 2011, Economic and emissions implications of load-based source-based and first-seller emissions trading programs under California AB32. Operations Research, 59, 696-712.
11. Dagoumas A.S., Kalaitzakis E., Papagiannis G.K., Dokopoulous P.S. A post-Kyoto analysis of the Greek electric sector. Energy Policy 2007, 35:1551-1563.
12. Dahl, C.A., 1993. Survey of energy demand elasticities in support of the development of the NEMS. Technical Report DE-AP01-93EI23499, U.S. Department of Energy.
13. EIA, 2010a. Georgia Electricity Profile. Energy Information Administration, Washington, DC. Available online at: http://www.eia.doe.gov/cneaf/electricity/st_profiles/georgia.html.
14. EIA, 2010b. Assumptions to Annual Energy Outlook 2010. Energy Information Administration, Washington, DC. Available online at: http://www.eia.doe.gov/oiaf/aeo/assumption/index.html.
15. EIA, 2011a. Annual Energy Outlook 2011. Energy Information Administration, Washington, DC. Available online at: http://www.eia.doe.gov/oiaf/aeo/.
16. EIA, 2011b. Form EIA-860 Database Annual Electric Generator Report. Energy Information Administration, Washington, DC. Available online at: http://www.eia.doe.gov/cneaf/electricity/page/eia860.html.
17. Elkamel A., Hashim H., Douglas P.L., Croiset E. Optimization of energy usage for fleet-wide power generating system under carbon mitigation options. AIChE Journal 2009, 55:3168-3190.
18. EPA, 2010a. Supplemental analysis of the American Clean Energy and Security Act of 2009. Environmental Protection Agency. Available online at: http://www.epa.gov/climatechange/economics/economicanalyses.html.
19. EPA, 2010b. eGRID 2007. Environmental Protection Agency. Available online at: http://www.epa.gov/cleanenergy/energy-resources/egrid/index.html.
20. Espey J.A., Espey M. Turning on the lights: a meta-analysis of residential electricity demand elasticities. Journal of Agricultural Economics 2004, 36:65-81.
21. 2 regulatory uncertainty in power generation investment: policy and modeling implications. Journal of Environmental Economics and Management 2010, 60:193-208.
22. FERC, 2006. Form 714. Federal Energy Regulatory Commission, Washington, DC.
23. Georgia, 2010. Georgia 2030: population projection. Technical Report Office of Planning and Budget. Available online at: http://www.opb.state.ga.us/media/12444/georgia%20population.
24. Hall, D.G., Reeves, K.S., Brizzee, J., Lee, R.D., Carroll, G.R., Sommers, G.L., 2006. Feasibility assessment of the water energy resources of the United States for new low power and small hydro classes of hydroelectric plants. Technical Report Idaho National Laboratory. Available online at: http://hydropower.inel.gov/resourceassessment/.
25. Kalampalikas N.G., Pilavachi P.A. A model for the development of a power production system in Greece, Part II: where RES meets EU targets. Energy Policy 2010, 38:6514-6528.
26. 2 emissions reduction target and scenarios of power sector in Taiwan. Energy Policy 2010, 38:288-300.
27. Laurikka H., Koljonen T. Emission trading and investment decisions in the power sector a case study in Finland. Energy Policy 2006, 34:1063-1074.
28. Levin N., Tishler A., Zahavi J. Capacity expansion of power generation systems with uncertainty in the prices of primary energy resources. Management Science 1985, 31:175-187.
29. Levin T., Thomas V.M., Lee A.J. State-scale evaluation of renewable electricity policy: the role of renewable electricity credits and carbon taxes. Energy Policy 2011, 39:950-960.
30. Linares P., Santos F.J., Ventosa M., Lapiedra L. Impacts of the European emission trading scheme directive and permit assignment methods on the Spanish electricity sector. The Energy Journal 2006, 27:79-98.
31. 2 emission consideration. Journal of Environmental Management 2010, 91:1063-1070.
32. Murphy F.H. Equation partitioning techniques for solving partial equilibrium models. European Journal of Operation Research 1987, 32:380-392.
33. Murphy F.H., Smeers Y. Generation capacity expansion in imperfectly competitive restructured electricity market. Operations Research 2005, 55:646-661.
34. NCEP, 2007. Allocating allowances in a greenhouse gas trading system. Technical Report National Commission on Energy Policy.
35. NETL, 2010. Carbon sequestration: 2010 carbon sequestration atlas of the United States and Canada Third Edition (Atlas III). Technical Report National Energy Technology Laboratory. Available online at: http://www.netl.doe.gov/technologies/carbon_seq/refshelf/atlasIII.
36. NRCS, 2010. Standard SCAN sensors daily series. Natural Resources Conservation Service, U.S. Department of Agriculture. Available online at: http://www.wcc.nrcs.usda.gov/nwcc/view.
37. NREL, 2010. Wind maps and wind resource potential estimates. Nation Renewable Energy Laboratory. Available online at: http://www.windpoweringamerica.gov/wind_maps.asp.
38. Paltsev S., Jacovy H.D., Reilly J.M., Ejaz Q.J., Morris J., O'Sullivan F., Rausch S., Winchester N., Kragha O. The future of U.S. natural gas production, use, and trade. Energy Policy 2011, 39:5309-5321.
39. Peterson E.R. A dynamic programming model for the expansion of electric power systems. Management Science 1973, 10:656-664.
40. 2 capture and storage. Energy Policy 2007, 35:4444-4454.
41. Sekar R., Parsonsb J.E., Herzogc H.J., Jacoby H.D. Future carbon regulations and current investments in alternative coal-fired power plant technologies. Energy Policy 2007, 35:1064-1074.
42. Sherali H.D., Staschus K., Huacuz J.M. An integer programming approach and implementation for an electric utility capacity planning problem with renewable energy sources. Management Science 1987, 33:831-847.
43. Shumaker G.A., Luke-Morgan A., McKissick J.C. The economic feasibility of using Georgia. Journal of Agribusiness 2009, 27:125-136.
44. Sirikum J., Techanitisawad A. Power generation expansion planning with emission control: a nonlinear model and a GA-based heuristic approach. International Journal of Energy Research 2006, 30:81-99.
45. 2 abatement at different fuel mix scales in the US. Energy Policy 2010, 38:5708-5718.
46. 2 emissions trading on firm profits and market prices. Climate Policy 2006, 6:31-48.
47. US Census Bureau, 2005. Interim projections of the total population for the United States and States. Available online at: http://www.census.gov/population/projections/SummaryTabA1.pdf.
48. WNA, 2011. The Economics of Nuclear Power, World Nuclear Association. Available online at: http://www.world-nuclear.org/info/inf02.html.
49. 2-mitigation strategies. European Journal of Operation Research 1997, 102:432-444.
50. Woerdman E., Couwenberg O., Nentjes A. Energy prices and emissions trading: windfall profits from grandfathering. European Journal of Law and Economics 2009, 28:185-202.
51. Wrke M., Myers E., Burtraw D., Mandell S., Holt C. Opportunity cost for free allocations of emissions permits: an experimental analysis. Environmental Resource and Economics 2010, 46:331-336.
52. Yakin M.Z., McFarland J.W. Electric generating capacity planning: a nonlinear programming approach. Electric Power System Research 1987, 12:1-9.