Abstract
Capacity expansion is an indispensable prerequisite for power system planning and construction. A reasonable, efficient and accurate capacity expansion model (CEM) is crucial to power system planning. In most current CEMs, the capacity of wind power generation is considered as boundary conditions instead of decision variables, which may lead to curtailment or over construction of flexible resource, especially at a high renewable energy penetration scenario. This paper proposed a wind power generation capacity value(CV) calculation method based on effective load-carrying capability, and a CEM that co-optimizes wind power generation and conventional power sources. Wind power generation is considered as decision variable in this model, and the model can accurately reflect the uncertainty nature of wind power.
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