Frank A. Felder

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A new approach to the electricity generation expansion problem is proposed to minimize simultaneously multiple objectives, such as cost and air emissions, including CO2 and NOx, over a long term planning horizon. In this problem, system expansion decisions are made to select the type of power generation, such as coal, nuclear, wind, etc., where the new(More)
ACKNOWLEDGMENTS This work has been made possible by the dedicated efforts of a succession of research assistants who have worked on the database underlying the research. We are particularly indebted to Chiaming Liu, the most recent of these assistants and a graduate student at the Sloan School of Management, who has proven himself particularly adept at(More)
Several states have solar renewable portfolio standards that require load serving entities to purchase a specified amount of solar renewable energy credits (SRECs) within a given time period. These requirements are fixed, i.e., do not depend on the price of SRECs, although they typically increase annually. As a result, SREC prices are unnecessarily(More)
Forecasting prices in electricity markets is critical for consumers and producers in planning their operations and managing their price risk. We utilize the generalized autoregressive conditionally heteroskedastic (GARCH) method to forecast the electricity prices in two regions of New York: New York City and Central New York State. We contrast the one-day(More)
The economic impacts of potential terrorist attacks on the New Jersey electric power system are examined using a regional econometric model. The magnitude and duration of the effects vary by type of business and income measure. We assume damage is done during in the summer 2005 quarter, a peak period for energy use. The state economy recovers within a year,(More)
Underprediction of peak ambient pollution by air quality models hinders development of effective strategies to protect health and welfare. The U.S. Environmental Protection Agency's community multiscale air quality (CMAQ) model routinely underpredicts peak ozone and fine particulate matter (PM2.5) concentrations. Temporal misallocation of electricity sector(More)
We present a new approach to determine the electricity generation technology options to be added, and where in the grid, they should be constructed for a single period multi-objective generation expansion plan. The proposed approach minimizes simultaneously multiple objectives, such as cost and air emissions. Distributed and central energy generation(More)
Installed capacity markets in the northeast of the United States ensure that adequate generation exists to satisfy regional loss of load probability (LOLP) criterion. LOLP studies are conducted to determine the amount of capacity that is needed, but they do not consider several factors that substantially affect the calculated distribution of available(More)