Efficiency and cost evaluation of distribution systems based on multiple time points

Phase balancing can offer planning engineers a low-cost means of reducing operating costs, improving efficiency in electric power systems. In general, utilities make phase balancing based on peak load by thinking that is the worst case scenario, but every time is not the case. In this paper, time varying phase balancing algorithm is proposed to investigate the effect of hourly phase balancing for all year (8760 hour for a year) and also evaluate system efficiency and cost saving for all hours. Additionally, it is important for the planning engineers to estimate losses accurately to make phase moves, and the peak load does not always provide the most efficient phase moves among the hours in year. In this paper, there different scenarios will be compared; base case, phase balancing based on peak load, and hourly time varying phase balancing. These scenarios will be compared based on loss reduction, and cost saving with Locational Marginal Price (LMP) to provide the planning engineers ideas about effective power system planning.