Deregulation policy has caused some changes in the concepts of power system reliability assessment. This paper deals with generation reliability evaluation in perfect competition power market using market economic concepts and its dynamic. Also, because of power markets and generators’ forced outages stochastic behavior, Monte Carlo Simulation (MCS) is used in this research. Generation reliabil...

Nowadays, utilization of renewable energies for satisfying electricity demand has received more interest, and renewable electricity generation has been growing in the world. This study addresses the operational planning of a renewable electricity supply chain over a multi-period planning horizon. The purpose of this study is to maximize total profit and to optimize the operational decisions rel...

The electric power generation business is facing uncertain and competitive environments with much financial risk. In this paper, we design and analyze a real options model for a utility with multiple inter-related generation planning projects. Also, comparisons relative to other models are made and a numerical example is provided so as to illustrate the optimal sequential decision making.

The generation business in the U.S. is currently undergoing a transition from a regulated monopoly toward an uncertain, competitive market. Under the competitive market, the price of electric power as well as the corresponding revenue may be much less certain than before. These market uncertainties have increased the significance of two critical factors in generation planning. These factors are...

in this paper, the 10-minutes period measured wind speed data at different heights (10 m, 30 m, and 40 m) are presented for khvaf, which is one of the major counties with high wind potential in khorasan provinces in iran. to the author’s knowledge, there hasn’t been any assessment works in the mentioned site. from the primary evaluation and by determining mean wind speed and also the weibull fu...

A simple methodology is described – the multi-turbine power curve approach – a methodology to generate a qualified estimate of the time series of the aggregated power generation from planned wind turbine units distributed in an area where limited wind time series are available. This is often the situation in a planning phase where you want to simulate planned expansions in a power system with w...