DocumentCode
1515181
Title
Economic analysis of reliability differentiated service [for electricity consumers]
Author
Rau, Narayan S. ; Hegazy, Youssef A.
Author_Institution
Nat. Regulatory Res. Inst., Ohio State Univ., Columbus, OH, USA
Volume
6
Issue
2
fYear
1991
fDate
5/1/1991 12:00:00 AM
Firstpage
858
Lastpage
871
Abstract
Welfare gains and reserve reduction for giving electricity customers the choice of reliability of service are analyzed. The problem of specifying reliability indices to give proper signals to the consumer is outlined. The welfare maximization formulation of Ramsey has been extended to include reliability constraints. The results show uncertain benefits from reliability-based pricing. There appears to be no economic compulsion to warrant such pricing schemes
Keywords
economics; electricity supply industry; power supplies to apparatus; reliability; tariffs; constraints; customers; economics; electricity supply industry; pricing; reliability differentiated service; reserve; tariffs; welfare; Costs; Energy consumption; Power engineering and energy; Power generation economics; Power system analysis computing; Power system economics; Pricing; Probability distribution; Samarium; Voltage;
fLanguage
English
Journal_Title
Power Systems, IEEE Transactions on
Publisher
ieee
ISSN
0885-8950
Type
jour
DOI
10.1109/59.76736
Filename
76736
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