Multi-level game theory model for partially deregulated generation expansion planning

Budi, Rizki Firmansyah Setya and Sarjiya, Sarjiya and Hadi, Sasongko Pramono (2021) Multi-level game theory model for partially deregulated generation expansion planning. Energy, 237. ISSN 03605442

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Abstract

Keeping the optimal planning solution in generation expansion problems under a partially deregulated market has raised a research gap based on an analytical approach. Therefore, this research proposes a multi-level game theory method for modelling the generation expansion planning in the partially deregulated market by considering the economic objective function and reliability constraint. The multi-level game theory is a modelling technique that combines game theory for multi-objective function and bi-level modelling. This research uses a case study of the West Nusa Tenggara system for implementation. The results show that the generation cost can be reduced by 25.7 compared to the 2019 generation cost and 2.9 compared to the electricity supply business plan. The proposed model results show that the electricity supply business plan needs to be revised, e.g., some committed power plants whose owners are unallocated do not need to be built, and some of those plants need to be postponed. Also, the financial burden of the utility to build power plants can be reduced if GenCos are interested in investing in unallocated power plants. Revising the electricity supply business plan produces a more economical plan and avoids inaccuracies in determining the owner. © 2021 Elsevier Ltd

Item Type: Article
Additional Information: Cited by: 11
Uncontrolled Keywords: Costs; Deregulation; Developing countries; Energy policy; Planning; Power markets; Reliability theory; Business plans; Deregulated markets; Economical and reliable supply; Electricity supply; Generation cost; Generation expansion planning; Multilevels; Partially deregulated market; Power; Supply business; detection method; economic conditions; electricity supply; energy market; energy planning; game theory; power generation; Game theory
Subjects: T Technology > TK Electrical engineering. Electronics Nuclear engineering
Divisions: Faculty of Engineering > Electronics Engineering Department
Depositing User: Sri JUNANDI
Date Deposited: 05 Oct 2024 04:07
Last Modified: 05 Oct 2024 04:07
URI: https://ir.lib.ugm.ac.id/id/eprint/3815

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