Abstract
This paper proposes a methodology to develop generation expansion plans considering energy storage systems (ESSs), individual generation unit characteristics, and full-year hourly power balance constraints. Generation expansion planning (GEP) is a complex optimization problem. To get a realistic plan with the lowest cost, acceptable system reliability, and satisfactory CO2 emissions for the coming decades, a complex multi-period mixed integer linear programming (MILP) model needs to be formulated and solved with individual unit characteristics along with hourly power balance constraints. This problem requires huge computational effort since there are thousands of possible scenarios with millions of variables in a single calculation. However, in this paper, instead of finding the globally optimal solutions of such MILPs directly, a simplification process is proposed, breaking it down into multiple LP subproblems, which are easier to solve. In each subproblem, constraints relating to renewable energy generation profiles, charge-discharge patterns of ESSs, and system reliability can be included. The proposed process is tested against Thailand’s power development plan. The obtained solution is almost identical to that of the actual plan, but with less computational effort. The impacts of uncertainties as well as ESSs on GEP, e.g., system reliability, electricity cost, and CO2 emission, are also discussed.