The electric power source structure optimization based on capital investment efficiency

  • Lei Tang
  • , Xifan Wang
  • , Can Dang
  • , Weijun Teng
  • , Shenquan Liu
  • , Pengwei Sun

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

In this paper, a novel electric power source structure optimization (EPSSO) scheme is proposed to achieve the sustainable development objectives of economic growth, electricity demand and environmental protection. Different from power generation expansion planning (PGEP), the proposed EPSSO method evaluates the optimal investment scheme for a long-term power generation expansion from the viewpoints of macro-economy. By adjusting the proportion of renewable power generating units at a more appropriate time, it can promote the efficiency of national capital with the constraint of CO2 emissions. The basic idea of this method is to combine the conventional objective function with the capital efficiency which is often used as a repressor of economic growth. At last, the genetic algorithm (GA) is used to solve the highly nonlinear combinatorial problem of EPSSO and a numerical case is present to demonstrate the feasibility of this scheme based on the background of China.

Original languageEnglish
Title of host publicationProceedings of the 2016 IEEE 11th Conference on Industrial Electronics and Applications, ICIEA 2016
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages1596-1600
Number of pages5
ISBN (Electronic)9781509026050
DOIs
StatePublished - 19 Oct 2016
Event11th IEEE Conference on Industrial Electronics and Applications, ICIEA 2016 - Hefei, China
Duration: 5 Jun 20167 Jun 2016

Publication series

NameProceedings of the 2016 IEEE 11th Conference on Industrial Electronics and Applications, ICIEA 2016

Conference

Conference11th IEEE Conference on Industrial Electronics and Applications, ICIEA 2016
Country/TerritoryChina
CityHefei
Period5/06/167/06/16

Keywords

  • electric power source structure optimization
  • genetic algorithm
  • investment-output ratio
  • macro-economics
  • power generation expansion planning

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