We consider a robust optimization problem in an electric power system under uncertain demand and availability of renewable energy resources. Solving the deterministic alternating current optimal flow (ACOPF) has been considered challenging since 1960s due to its nonconvexity. Linear approximation AC sees pervasive use, but does not guarantee physically feasible configuration. In recent years, v...

The risks and returns associated with different choices of electricity generation technology cannot properly be considered in isolation. The paper considers their impact on an investing company, using Mean-Variance Portfolio (MVP) theory to identify optimal generation portfolios in liberalised electricity markets characterised by fuel, CO2, and electricity price risk. The paper demonstrates the...

The global PV (photovoltaic) generation market has been rapidly growing. In the introduction of a PV system, the electricity generation efficiency of the PV system depends on regional factors and on-site installation factors. It has a significant effect on the returns on investment. Therefore, this study conducted a sensitivity analysis on how the impact factors of the rooftop PV system affect ...

This paper develops a system dynamics model to analyze the impacts of different kinds of capacity payment as investment incentive mechanisms in Iranian electricity market. Since it is aimed that the incurred capital and operating costs of generation technologies be recovered in Iranian electricity pool, the noncompetitive capacity payment mechanism has been introduced for this purpose in order ...