Scenario planning for electricity supply

Scenario planning for electricity supply

Electricity generating systems using conventional electricity planning usually face demand-supply mismatch problems resulting from erroneous forecasting of the demand for electricity. Model simulation was used to investigate whether scenario planning would reduce such problems. It was found that sce...

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Bibliographic Details
Published in:Energy policy Vol. 31; no. 15; pp. 1647 - 1659
Main Authors: Soontornrangson, W, Evans, D.G, Fuller, R.J, Stewart, D.F
Format: Journal Article
Language:English
Published: Oxford Elsevier Ltd 01-12-2003
Elsevier
Elsevier Science Ltd
Series:Energy Policy
Subjects:
Applied sciences
Demand
Economic data
Electric energy
Electricity
Electricity planning
Electricity supply construction plan
Energy
Energy economics
Energy policy
Exact sciences and technology
Forecasting
General, economic and professional studies
Methodology. Modelling
Planning methods
Policy studies
Power demand
Power generation
Power supply
Scenario planning
Simulation
Strategic planning
Studies
Thailand
Asia
Electricity planning
Scenario planning
Electricity supply construction plan
Demand
Script
Sensitivity analysis
Energy cost
Methodology
Interest rate
Energy policy
Forecasting
Discounting
Electricity
Medium term
Planning
Comparative study
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Description
Summary:Electricity generating systems using conventional electricity planning usually face demand-supply mismatch problems resulting from erroneous forecasting of the demand for electricity. Model simulation was used to investigate whether scenario planning would reduce such problems. It was found that scenario planning has the potential of reducing the cost of generating electricity by up to US$3000 million over a 15-year planning period for a medium-size supply system such as that of Thailand.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0301-4215
1873-6777
DOI:10.1016/S0301-4215(02)00231-8