E4ST : modeling, simulation and benefit-cost analysis tools for power system planning and policy analysis

Abstract

To better examine and predict policy effects and assist decision-making in the power system, this dissertation presents a new model called the Engineering, Economic, and Environmental Electricity Simulation Tool (E4ST), which can be used to simulate the long-term operation and investment in the power system. Based on the simulation results, a benefit and cost analysis can be made to estimate the effects of electricity and environmental policies, as well as of changes in the power system.