It is shown how a standard nonlinear programming approach can be applied to solve a sophisticated version of the static optimal mix problem in generation planning. The model presented includes technical minima of thermal capacity, detailed operating models of storage-hydro and pumped-hydro units, a realistic model of capital costs for hydro plants, operating reserve and minimum demand constraints, and capacity already in existence. The model formulation is in a format that can be directly handled by the well-known MINOS code and can be efficiently solved. The use of a general-purpose nonlinear optimization program results in a great flexibility, making it possible to modify the model formulation easily or to adapt it to the characteristics of a particular electric system. A realistic application to the Spanish generation system is presented
IEEE Transactions on Power Systems. Volume: 4 Issue: 3 Pages: 1140-1146
Journal Impact Factor: JCR impact factor 5.680 (2016)
DOI reference: 10.1109/MPER.1989.4310906
Published on paper: August 1989.