The Effect of Power Plant Fuel Price Adjustment on the Generation Capacity of Wind Power Plants in Comparison other Power Plants, a System Dynamics Approach

It is expected that, compared with other power plants, changes in fuel cost for power plants in the deregulated electricity market leads to changes in the generation capacity of wind power plants. To quantify this effect, this article aims at modeling energy generation capacity and supply or distribution of different power plants as opposed to those of wind power plants. The proposed model was simulated using POWERSIM software from 1389 to 1398. The effect of fuel cost for wind power plants on their generation capacity and supply were compared with those of other power plants. The results clearly show that increasing the fuel cost for power plants will lead to a continuous increase in the capacity of wind power plants, and hydroelectric power plants and a decrease in the capacity of steam power plants. Comparing the results related to changing fuel cost with those of not changing it shows a higher increase in the investment and capacity of wind and hydroelectric power plants in comparison with other power plants