Stochastic Capacity Expansion Model Accounting for Uncertainties in Fuel Prices, Renewable Generation, and Demand

Capacity expansion models for electricity grids typically use deterministic optimization, addressing uncertainty through ex-post analysis by varying input parameters. This paper presents a stochastic capacity expansion model that integrates uncertainty directly into optimization, enabling the select...

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Bibliographic Details
Main Authors: Naga Srujana Goteti, Eric Hittinger, Eric Williams
Format: Article
Language:English
Published: MDPI AG 2025-03-01
Series:Energies
Subjects:
Online Access:https://www.mdpi.com/1996-1073/18/5/1283
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