Abstract
The need to incorporate renewable energy generators (REGs) into the electrical grid has become increasingly crucial due to the push for a more sustainable environment. This study advocates an innovative strategy for optimizing inertia-integrated generation and transmission expansion planning (GTEP) to implement feed-in tariffs (FiT). The application of the GAMS CPLEX solver to the model, which tested on an IEEE 6/IEEE 16 system, reveals that using FiT results in a 12.1 % drop in system cost ($599 million to $526 million) and a 7.91 % rise in total system inertia. Sensitivity analysis highlights the correlation between increased REG integration and FiT payment reduction at 50 % penetration. The model outperforms soft computing optimization techniques, showcasing rapid convergence and computational efficiency. The proposed model's validated superiority in rapid convergence and computational efficiency is demonstrated by comparing its results with those obtained from other soft computing optimization techniques.