This paper presents two novel applications of probabilistic peak-shaving technique in generation planning, i.e., to simulate efficiently and accurately multiple limited-energy units probabilistically in equivalent load duration curve method and to simulate efficiently the candidate plants; whose different configurations are tested for finding the least-cost generation expansion planning solution. The applications of the technique arc demonstrated with (he help of two hand calculation examples. An efficient algorithm is also presented to simulate multiple limited-energy units probabilistically, for different hydrological conditions, in a generation mix of hydro-thermal units in probabilistic production costing framework.
- Limitedenergy plants
- Probabilistic production costing
- Pumped storage
ASJC Scopus subject areas
- Energy Engineering and Power Technology
- Electrical and Electronic Engineering