NDLI: Evaluation of the marginal outage costs in interconnected and composite power systems

Content Provider	IEEE Xplore Digital Library
Author	Ghajar, R. Billinton, R.
Copyright Year	1969
Abstract	The structure of electric utilities is undergoing dramatic changes as new and expanded service options are added. The concepts of unbundling the electric service and offering customers a range of new services that more closely track actual costs are expanding the options open to customers. Spot pricing provides the economic structure for many of these new service options. An important component of spot prices is the marginal outage cost incurred by customers due to an incremental change in load. This paper presents a formalized approach of calculating the marginal outage cost in interconnected generating systems and composite generation and transmission systems using quantitative reliability techniques. The effects of selected pertinent factors on the marginal outage cost in composite systems are also presented. The proposed methods are illustrated by application to the IEEE-Reliability Test System (IEEE-RTS).<>
Sponsorship	IEEE Power Engineering Society
Starting Page	753
Ending Page	759
Page Count	7
File Size	761671
File Format	PDF
ISSN	08858950
Volume Number	10
Issue Number	2
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	1995-05-01
Publisher Place	U.S.A.
Access Restriction	One Nation One Subscription (ONOS)
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Power system interconnection Pricing Power industry Power generation economics Cost function Interconnected systems System testing Voltage Power generation Samarium
Content Type	Text
Resource Type	Article
Subject	Energy Engineering and Power Technology Electrical and Electronic Engineering

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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