Modelling multi-resource regulatory incentives in expansion planning problem

In this paper, a new approach for distributed energy resources (DERs) expansion planning considering multi-resource regulatory incentives is presented. The intermittent nature as well as different uncertainties which are associated with the DERs would cause investors to encounter risk in their investment decisions. Therefore, considering the supporting policies for increasing the penetration rate of DERs are known as an inevitable issue. The supporting policies for each of DER technologies have remarkable impacts on investment strategy of other rivals. Consequently, the system dynamics approach is employed in this paper for modelling of this multi-dimensional complex problem. Here, the supporting policies are contemplated in combined heat and power, wind turbine and demand response resources. By using this method, the impacts of regulatory policies on market dynamics are modelled, which affect on market dynamics and investment policies of resource owners.