Multistage expansion planning of generation and interconnections with sustainable energy development criteria: A multiobjective model

A novel multiobjective, multiarea and multistage model to long-term expansion planning of integrated generation and transmission corridors incorporating sustainable energy developing is presented in this paper. The proposed MESEDES model is a bottom-up energy model which considers the electricity generation/transmission value-chain, i.e., power generation alternatives including renewables, nuclear and traditional thermal generation along with transmission corridors. The model decides the optimal location and timing of the electricity generation/transmission abroad the multistage planning horizon. The proposed model considers three objectives belonging to sustainable energy development criteria such as: (a) the minimization of investments and operation costs of power generation, transmission corridors, energy efficiency (demand side management (DSM) programs) considering CO2 capture technologies; (b) minimization of Life-Cycle Greenhouse Gas Emissions (GHG); and (c) maximization of the diversification of electricity generation mix. The proposed model consider aspects of the carbon abatement policy under the CDM - Clean Development Mechanism or European Union Greenhouse Gas Emission Trading Scheme. A case study is used to illustrate the proposed framework. (C) 2010 Elsevier Ltd. All rights reserved.