Title :
Reliability cost-benefit evaluation of transmission capital projects
Author :
Chowdhury, A.A. ; Koval, D.O.
Author_Institution :
Electr. Syst. Planning, MidAmerican Energy Co., Davenport, IA
Abstract :
Any investment decision related to transmission reliability could easily be addressed on a rational and quantitative basis within a cost-benefit framework explicitly using data on the value of changes in service reliability to customers. The ultimate determination of poor or adequate transmission reliability performance in value-based planning framework is based on customer´s preferences and customer mix that are unique to each transmission system. In the current competitive energy market environment, such an approach makes perfect sense. This paper presents the results of a reliability cost-benefit evaluation performed for capital projects identified to improve supply reliability of a practical transmission system
Keywords :
cost reduction; power markets; power transmission economics; power transmission planning; power transmission reliability; current competitive energy market environment; investment decision; reliability cost-benefit evaluation; service reliability; supply reliability; transmission capital projects; transmission reliability; value-based planning framework; Costs; Helium; Investments; Maintenance; Performance evaluation; Power industry; Power supplies; Power system modeling; Power system planning; Power system reliability; Transmission system; capital projects; competitive energy market; customer interruption cost; reliability cost-benefit evaluation;
Conference_Titel :
Power Engineering Society General Meeting, 2006. IEEE
Conference_Location :
Montreal, Que.
Print_ISBN :
1-4244-0493-2
DOI :
10.1109/PES.2006.1709095
