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Optimization models can provide plans for new power plants: when to build, what kind to build, how much to build. But the future is uncertain. We provide a multi-stage approach and make provision for some chance of not fulfilling all the demand all the time, in order to have a long-term approach that reduces the likelihood of over-building or under-building.

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This page is a summary of: Chance-constrained multi-stage stochastic energy system expansion planning with demand satisfaction flexibility, International Journal of Electrical Power & Energy Systems, January 2024, Elsevier,
DOI: 10.1016/j.ijepes.2023.109499.
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