Investment in Electricity Generation and Transmission

This book presents a detailed description of tools for making§informed decisions regarding investment in both transmission and generation§facilities in the face of an aging electricity industry infrastructure. There§is a particular focus on investment in renewable production facilities,§including wind- and solar-based power plants. The analysis involves§decision-making tools for expansion planning, reinforcement, selection, and§timing of investment options. Written in a tutorial and modular style, it§includes a large number of illustrative examples to facilitate comprehension§and offers an ideal blend of theoretical background and practical applications.§It also provides readers with a comprehensive understanding of current§investment problems in electric energy systems, including (i) the formulation§of decision-making models for both generation and transmission expansion§planning, (ii) the familiarization with efficient solution algorithms for such§decision-making models, and (iii) insights into these investment problems through§the detailed analysis of numerous illustrative examples. Offering an invaluable§resource for advanced undergraduate and graduate students in the fields of§electrical energy systems, operations research, management science, and§economics, the concepts and techniques explored also benefit practitioners in§the electricity industry.§