Microeconomic examination of distribution reliability targets

Author

Brown, Richard E. ; Marshall, Michael W.

Author_Institution

ABB Power T&D Co. Inc., Raleigh, NC, USA

Volume

1

fYear

2001

fDate

28 Jan-1 Feb 2001

Firstpage

58

Abstract

Electric service reliability is a commodity that can be purchased and sold. In a free market, utilities would behave according to a reliability supply curve and customers would behave according to a reliability demand curve. Market forces would set reliability and price levels where supply equals demand. Distribution reliability, however, is subject to increasing legislation in the form of reliability targets. This paper examines reliability supply and demand characteristics and compares results with reliability targets based on performance based rates, reliability guarantees and differentiated reliability

Keywords

electricity supply industry; legislation; power distribution economics; power distribution reliability; power supply quality; tariffs; differentiated reliability; distribution reliability targets; electric service reliability; legislation; market forces; microeconomic examination; performance based rates; price levels; reliability demand curve; reliability guarantees; reliability levels; reliability supply and demand characteristics; reliability supply curve; Costs; Electricity supply industry deregulation; Legislation; Maintenance; Microeconomics; Power industry; Regulators; Reliability; Samarium; Switches;

fLanguage

English

Publisher

ieee

Conference_Titel

Power Engineering Society Winter Meeting, 2001. IEEE

Conference_Location

Columbus, OH

Print_ISBN

0-7803-6672-7

Type

conf

DOI

10.1109/PESW.2001.916864

Filename

916864