DEVELOPING AN OPTIMAL LONG TERM ELECTRICITY GENERATION CAPACITY RESOURCE PLAN UNDER A CARBON DIOXIDE REGULATORY REGIME

摘要

There are provided a method and system for optimizing of a long-term electricity resource plan. The system obtains a capital costs component value including capital costs for emission abatement retrofits at an existing power plant and a new power plant over a period of time. The system obtains a fuel costs component value including the sum of fuel utilization of all generating units in the existing power plant and new power plant over the period of time. The system obtains an emission costs component value including emission allowance costs and emission violation costs in the period of time. The system adds the capital costs component value, the fuel costs component value and the emission costs component value to compute a net present value that meets emission constraints.