Long Term Dynamics of Investment and Growth in Electric Power Systems: Modeling Uncertainty
نویسنده
چکیده
This paper overviews recent research results on the use of system dynamics modeling for understanding long term investment in power system infrastructure. These computer models are intended for use by both policy makers and researchers. The main effort is focused on the simulation models that simulate both short-term behavior, such as, electricity prices and congestion in the near term, and long-term behavior, such as, investment in new generation and transmission. Our emphasis in this annual report is on modeling uncertainty and the role of feedback in minimizing such uncertainty.
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