Generally the generation units in the traditional structure of the electricity industry try to minimize their costs. However, in a deregulated environment, generation units are looking to maximize their profits in a competitive power market. Optimum generation planning in such structure is urgent. This paper presents a new method of solving economic dispatch in the competitive electricity marke...

National energy planning has become increasingly complex owing to a pressing need to incorporate sustainability considerations. In this context, we applied least-cost and cost-risk optimization models to allocate energy sources for sustainable development in the Korean electric power generation industry. The least-cost model determined an electricity generation mix from 2012 to 2030 that incurs...

Due to rising fossil fuel and electricity prices and the overall need to reduce carbon emissions, there is a growing interest in the utilisation of micro-generation amongst electricity consumers and governments alike. Electricity consumers are installing small scale generators on their premises, which are also being connected to existing low voltage (LV) electricity supply networks. High penetr...

An inventing electrical power generation system is developed by integrating simultaneously solar energy, rains energy, wind energy, charged cloud energy, lightning energy, thunder energy which are assigned as nonconventional or renewable energy sources. All the natural wastage energies are used for production of electricity. Electrical power is accomplished with a minimum cost and pollution fre...

The electricity markets have undergone significant changes during the last years. On the one hand, the market deregulation has increased significantly the uncertainty on future electricity prices. On the other hand, the Kyoto protocol and the establishment of emission restrictions, as well as the development of emission trading systems has added another expense stream for conventional fuel elec...

this study aims to estimate economic capacity and, in turn the utilization rate of economic capacity in iran’s electricity generation industry during 1350-1388. aggregate time series data for thermal power plants are used. with parametric restrictions for linear homogeneity in input prices imposed, capital demand function is first derived and estimated. this allows the derivation of economic ca...

The fossil fuels consumption is rapidly growing due to increased water and electricity demands. An interconnected water-energy nexus is generally composed of thermal power plants, combined potable water and power (CWP) generation units, and desalination only processes. Hence, participation of hydro power plants in electricity generation facilities not only reduces the total fuel consumption of ...