Electricity generation portfolio planning and policy implications of Turkish power system considering cost, emission, and uncertainty

Saltuk Buğra Selçuklu, D.W. Coit and F.A. Felder

Energy Policy, 2023, vol. 173, issue C

Abstract: Türkiye is the fastest-growing energy market among the OECD members, and it is among the world's top 20 energy-consuming countries. The existing electricity generation capacity of Türkiye has doubled in the last decade. Planning the electricity generation portfolio is an important problem for the decision and policymakers, especially in terms of sustainable development, and it is crucial for Türkiye's economic growth. In this paper, we study the long-term electricity generation portfolio optimization while considering the uncertainties. An optimization algorithm is modeled and solved while integrating uncertainty information as part of the Pareto concept. The results of three scenarios are presented and policy implications are discussed and compared with similar Turkish case studies and government projections. The results suggest that it is less risky to minimize emissions, thus, more likely to be sustainable than to minimize costs. Comparisons among solutions show that nuclear is a substitute for renewable resources and comparisons among other studies show that natural gas and hydro are substitutes for each other. Multi-objective formulation reveals that the government's scenario provides favorable results in business-as-usual conditions; however, nuclear and renewable investments that the government has planned are too ambitious to keep costs lower while decreasing emissions.

Keywords: Electricity generation portfolio; Generation expansion planning; Uncertainty; Türkiye (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301421522006127
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:173:y:2023:i:c:s0301421522006127

DOI: 10.1016/j.enpol.2022.113393

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().