Generation Capacity Expansion Planning in Deregulated Electricity ...

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Generation Capacity Expansion Planning in Deregulated Electricity ...

List of Figures

Fig. 1 Effect of IRR on firm’s profit .................................................................................................... 17

Fig. 2 Variation of firm’s cost and revenue with IRR .......................................................................... 19

Fig. 3 Effect of electricity price variations on optimal IRR ................................................................. 20

Fig. 4 Effect of electricity price variations on present value of firm profit .......................................... 20

Fig. 5 Effect of price change on total revenue and total cost ............................................................... 21

Fig. 6 Effect of change in budget on optimal value of IRR .................................................................. 22

Fig. 7 Effect of change in budget on total revenue and total cost ........................................................ 22

Fig. 8 Effect of change in budget on PV of total profit ........................................................................ 23

Fig. 9 Emission of the firm in horizon year .......................................................................................... 24

Fig. 10 Effect of emission cap on the optimal value of IRR ................................................................ 25

Fig. 11 Effect of emission cap on firm’s total profit ............................................................................ 26

Fig. 12 Effect of financial risk (cost recovery period) on optimal IRR ................................................ 27

Fig. 13 Fuel price .................................................................................................................................. 28

Fig. 14 Effect of IRR on firm’s profit with MILP framework ............................................................. 33

Fig. 15 Firm’s cost and revenue with MILP framework ...................................................................... 35

Fig. 16 Effect of electricity price variations on optimal IRR with MILP framework .......................... 36

Fig. 17 Effect of price change on total revenue and total cost with MILP framework ........................ 37

Fig. 18 Effect of change in budget on optimal value of IRR with MILP framework ........................... 37

Fig. 19 Effect of budget on present value of total profit with MILP framework ................................. 38

Fig. 20 Emission cap effect on horizon year’s emission with MILP framework ................................. 39

Fig. 21 Effect of emission cap on the optimal value of IRR with MILP framework ........................... 40

Fig. 22 Effect of emission cap on firm’s total profit with MILP framework ....................................... 40

Fig. 23 Effect of financial risk (Cost recovery time) on IRR with MILP framework .......................... 41

Fig. 24 Effect of financial risk (Cost recovery time) on firm’s profit with MILP framework ............. 42

Fig. 25 Modified IEEE 30-Bus Transmission system before investment ............................................ 53

Fig. 26 Overloading on the IEEE 30-Bus system from investments .................................................... 55

Fig. 27 Overloading on the IEEE 30-Bus system from investments, with high fuel price ................... 57

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