Renewable Energy Portfolio Planning using the Cross-Entropy Method

被引:0
作者
Jalocon, Clares Loren C. [1 ]
Nerves, Allan C. [2 ]
机构
[1] Philippine Elect Market Corp, Pasig, Philippines
[2] Univ Philippines Diliman, Elect & Elect Engn Inst, Quezon City, Philippines
来源
2013 IEEE PES ASIA-PACIFIC POWER AND ENERGY ENGINEERING CONFERENCE (APPEEC) | 2013年
关键词
Renewable portfolio standard; generation expansion planning; carbon-cap; Monte-Carlo simulation; cross entropy method; cross-entropy method;
D O I
暂无
中图分类号
TE [石油、天然气工业]; TK [能源与动力工程];
学科分类号
0807 ; 0820 ;
摘要
The study presents a method for renewable energy portfolio planning through a Monte-Carlo optimization approach called the Cross Entropy method. Renewable energy portfolio planning is applied to the Philippine setting by considering multiple factors composed of economic and environmental metrics such as capital and production costs, and the corresponding cost for emissions. Policy mechanisms such as the Renewable Portfolio Standard (RPS) and carbon-cap are policy mechanisms that can also be incorporated in the model. For various scenarios of the economic and environmental factors and policy mechanisms, the study yielded the corresponding optimum investment and operation schedules for the planned generating plants.
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页数:5
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