Optimal electricity supply reliability using customer shortage costs
This paper describes an economic cost-benefit method for determining the optimal power system capacity and reliability of electricity supply using customer shortage costs. The approach is based upon identifying a system plan that simultaneously considers cost-of-service as well as value-of-service,...
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| Veröffentlicht in: | Energy economics 1983-04, Vol.5 (2), p.129-136 |
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| container_title | Energy economics |
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| creator | Sanghvi, Arun P. |
| description | This paper describes an economic cost-benefit method for determining the optimal power system capacity and reliability of electricity supply using customer shortage costs. The approach is based upon identifying a system plan that simultaneously considers cost-of-service as well as value-of-service, and maximizes the net economic benefits taking into account the interdependence between electricity reliability, price, and demand. In contrast to the existing literature on this subject, which considers only customer outage costs, this paper argues that it is the related but considerably broader notion of customer shortage cost that is more relevant in the context of optimizing the reliability of electricity supply. The paper develops a method for estimating shortage costs and sketches an integrated framework for optimizing reliability using such costs. |
| doi_str_mv | 10.1016/0140-9883(83)90020-8 |
| format | Article |
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| fulltext | fulltext |
| identifier | ISSN: 0140-9883 |
| ispartof | Energy economics, 1983-04, Vol.5 (2), p.129-136 |
| issn | 0140-9883 1873-6181 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_14981878 |
| source | RePEc; Elsevier ScienceDirect Journals; Periodicals Index Online |
| subjects | Cost-benefit analysis Electricity supply planning Reliability |
| title | Optimal electricity supply reliability using customer shortage costs |
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