Evolution Framework for Power Generation Mix Planning from Perspective
of Economic Growth
Abstract
The classical power generation expansion planning (PGEP) that takes
environment as an exogenous variable is mainly used to optimize the
specific expansion scheme for power companies. It is not suitable for
the national energy strategy which is closely related to macro-economy
growth and environmental protection. To address this complex problem, a
novel multi-disciplinary framework for power generation mix planning is
proposed from the perspective of economic growth. In this model, an
endogenous economic growth model is introduced to describe the
equilibrium relationships of various sectors in macro-economic, thus
making economy and environment the endogenous variables. By establishing
a new soft-linking between these two models, it permits policymakers to
evaluate the alternatives and trade-offs between economic growth and
environmental protection within long-term planning horizon while
guaranteeing the feasibility of planning scheme. To demonstrate the
effectiveness of the proposed methodology, a case study of China from
1990 to 2040 is implemented.