Reliability and Rationing Cost: Some Analytical Implications for a Power System

Authors

  • Vijayamohanan Pillai N Faculty, Centre for Development Studies, Prasanth Nagar, Ulloor, Trivandrum, Kerala, India

DOI:

https://doi.org/10.18488/journal.81/2015.2.1/81.1.1.15

Abstract

The present paper attempts to analyze the implications of the relationship between reliability and rationing cost involved in a power supply system in the framework of the standard inventory analysis, instead of the conventional marginalist approach of welfare economics. The study is substantiated by fitting a normal distribution to the daily internal maximum demand of the Kerala power system during the four-year period from 2010-11 to 2013-14, and also by estimating, based on the techno-economic parameters of a 660 MW thermal power plant, the rationing costs implied in different reliability target criteria.

Keywords:

Power supply, Maximum demand, Installed capacity, Reliability, Rationing cost, Normal distribution, Exponential distribution

Published

2015-12-15

How to Cite

Pillai N, V. . (2015). Reliability and Rationing Cost: Some Analytical Implications for a Power System. Asian Journal of Energy Transformation and Conservation, 2(1), 1–15. https://doi.org/10.18488/journal.81/2015.2.1/81.1.1.15

Issue

Vol. 2 No. 1 (2015)

Section

Articles