EconPapers    
Economics at your fingertips  
 

Generation expansion planning considering health and societal damages – A simulation-based optimization approach

Mark D. Rodgers, David W. Coit, Frank A. Felder and Annmarie Carlton

Energy, 2018, vol. 164, issue C, 951-963

Abstract: Electricity generation expansion planning models determine the optimal technology-capacity-investment strategy that minimizes market costs including investment costs, and fixed and variable operating & maintenance costs over a long-term planning horizon. From a market cost perspective, fossil fuels are among the most economical sources of electricity, and thus are the primary sources of energy for electricity. However, these energy sources create by-products that have harmful health effects upon exposure. In this paper, a simulation-based, metamodeling approach is leveraged to quantify health damages associated with power grid expansion decisions by linking the outputs of generation expansion planning simulations with a screening tool that quantifies the human health damages from the electricity sector. Using this as a surrogate function for health damages, these costs are included in the objective function of a generation expansion planning model, in addition to market costs and the social damages of carbon emissions and methane leakage to minimize societal damages. Applying an improvement algorithm, candidate data points are selected to enhance metamodel prediction capability. Finally, using an updated metamodel, a new expansion plan is found. This framework enables researchers to better understand the health implications of long-term capacity expansion decisions.

Keywords: Generation expansion; Health damages; Iterative methods; Power systems planning; Simulation optimization (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0360544218317584
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:energy:v:164:y:2018:i:c:p:951-963

DOI: 10.1016/j.energy.2018.09.004

Access Statistics for this article

Energy is currently edited by Henrik Lund and Mark J. Kaiser

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

 
Page updated 2025-03-19
Handle: RePEc:eee:energy:v:164:y:2018:i:c:p:951-963