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A multi-objective framework for long-term generation expansion planning with variable renewables

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  • Oree, Vishwamitra
  • Sayed Hassen, Sayed Z.
  • Fleming, Peter J.

Abstract

The growing importance of operational flexibility in generation expansion planning with increased integration of variable renewables has been regularly highlighted in recent research. Yet, operational flexibility has been largely overlooked in order to reduce the prohibitive problem size that results when operational details at small timescales are included in this long-term exercise. In this work, we present a multi-objective optimization framework that effectively and tractably incorporates flexibility screening of candidate generation portfolios in long-term generation expansion planning. Operational flexibility is considered as a separate objective along with the traditional economic and environmental objectives. The ability of the proposed methodology to provide valuable insights into the correlations between flexibility, total costs and carbon emissions is demonstrated using a case study. The results clearly reveal that omission of flexibility from the framework gives rise to deficient generation mixes that are unable to match the more frequent and steeper variations in net load. A high-level evaluation of the flexibility needed in generation portfolios to balance net loads with different degrees of variability is also provided. Finally, a procedure is proposed to support the decision-making process for selecting the most appropriate investment plan among the many solution options provided by the multi-objective optimization framework.

Suggested Citation

  • Oree, Vishwamitra & Sayed Hassen, Sayed Z. & Fleming, Peter J., 2019. "A multi-objective framework for long-term generation expansion planning with variable renewables," Applied Energy, Elsevier, vol. 253(C), pages 1-1.
    • Handle: RePEc:eee:appene:v:253:y:2019:i:c:8
    DOI: 10.1016/j.apenergy.2019.113589
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    References listed on IDEAS

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    6. Pombo, Daniel Vázquez & Martinez-Rico, Jon & Marczinkowski, Hannah M., 2022. "Towards 100% renewable islands in 2040 via generation expansion planning: The case of São Vicente, Cape Verde," Applied Energy, Elsevier, vol. 315(C).
    7. K, Karunanithi & S, Ramesh & Raja, S.P. & Rowlo, Pranav Kumar, 2024. "Generation Expansion Planning considering environmental impact and sustainable development for an Indian state using the LEAP platform," Utilities Policy, Elsevier, vol. 86(C).
    8. Yeganefar, Ali & Amin-Naseri, Mohammad Reza & Sheikh-El-Eslami, Mohammad Kazem, 2020. "Improvement of representative days selection in power system planning by incorporating the extreme days of the net load to take account of the variability and intermittency of renewable resources," Applied Energy, Elsevier, vol. 272(C).
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