Title :
Microeconomic examination of distribution reliability targets
Author :
Brown, Richard E. ; Marshall, Michael W.
Author_Institution :
ABB Power T&D Co. Inc., Raleigh, NC, USA
fDate :
28 Jan-1 Feb 2001
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;
Conference_Titel :
Power Engineering Society Winter Meeting, 2001. IEEE
Conference_Location :
Columbus, OH
Print_ISBN :
0-7803-6672-7
DOI :
10.1109/PESW.2001.916864
