 Energy efficiency resource modeling in generation expansion planningA. Ghaderi, M. Parsa Moghaddam and M.K. Sheikh-El-Eslami Energy, 2014, vol. 68, issue C, 529-537 Abstract: Energy efficiency plays an important role in mitigating energy security risks and emission problems. In this paper, energy efficiency resources are modeled as efficiency power plants (EPP) to evaluate their impacts on generation expansion planning (GEP). The supply curve of EPP is proposed using the production function of electricity consumption. A decision making framework is also presented to include EPP in GEP problem from an investor's point of view. The revenue of EPP investor is obtained from energy cost reduction of consumers and does not earn any income from electricity market. In each stage of GEP, a bi-level model for operation problem is suggested: the upper-level represents profit maximization of EPP investor and the lower-level corresponds to maximize the social welfare. To solve the bi-level problem, a fixed-point iteration algorithm is used known as diagonalization method. Energy efficiency feed-in tariff is investigated as a regulatory support scheme to encourage the investor. Results pertaining to a case study are simulated and discussed. Keywords: Energy efficiency; Efficiency power plant (EPP); Generation expansion planning (GEP); Regulatory support scheme (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:68:y:2014:i:c:p:529-537 DOI: 10.1016/j.energy.2014.02.028 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.