Abstract
The prospect of distributed power generation investment planning (DGIP) is particularly important in island networks due to multiple reasons such as energy security, emissions, and renewable energy integration goals. Against this background, this article proposes a consideration that includes various types of DGIP models including renewable energy. The planning process includes an economic analysis that takes into account emissions costs, reliability and other related cost components. In addition, the variability and uncertainty of model parameters for distributed generation comprehensive sensitivity analysis of the impact of investment decisions. The ultimate goal is to determine the parameters that have an important impact on the decision-making process and quantify their degree of impact. The results show that uncertainty has an important impact on DG investment decisions. In fact, the degree of impact varies depending on the parameters. However, in general, ignoring or not fully considering the uncertainty and variability in model parameters is a quantifiable cost. The analysis made in this article is the most relevant to determine the need for special attention in planning practice the model parameters are very useful.
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