Application of DE for Least Cost GEP with Solar Power Plant

Abstract

Generation Expansion Planning (GEP) is a significant decision making problem in electricity power sector. It is the one of the important problem as both the supply side and demand side for energy have sequential and spatial variations. The development of infrastructure is an essential aspect to sustain the economic growth. The energy sector is one of the most important infrastructure elements for any economy. The achievement of energy security requires modification of our energy resources and the sources of their supply as well as measures for saving of energy in India, so far we were dependent on conventional resources of energy like thermal, hydro and nuclear.  The benefits of solar energy penetration are drawing the attention of power system planners to incorporate solar energy in the power system. In this study, the influence of the addition of solar power plants is examined for 14-year planning horizon/limit using Differential Evolution Algorithm (DEA). The model formulated in this study integrates all critical elements of the system.