Intensified industrialization in developing countries has recently resulted in huge electric power demand growth; however, electricity generation in these countries is still heavily reliant on inefficient and traditional non-renewable technologies. In this paper, we develop an integrated game-theoretic model for effective power systems planning thorough balancing between supply and demand for e...

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...

The increasing consumption of electricity over time forces different countries to establishnew power plants and transmission lines. There are various crisp single-objective mathematicalmodels in the literature for the long-term power generation and transmission expansion planning tohelp the decision makers to make more reasonable decisions. But, in practice, most of the parametersassociated wit...

Wind and solar generators differ from conventional generators in their generation characteristics. The variable output and imperfect predictability of these generators face a stochastic approach to plan and operate the power system without fundamentally changing the operation and planning problems. This paper overviews stochastic modeling challenges in operations, generation planning, and trans...