Title :
Economics of energy reliability
Author :
Stephenson, W.M. ; Barney, Diane J.
Author_Institution :
Pacific Gas & Electr. Co., San Franscisco, CA, USA
fDate :
5/1/1988 12:00:00 AM
Abstract :
The types of reliability considerations and the deterministic criteria currently used by most utilities for electric transmission reliability planning are outlined. The complex process of weighing outage costs against prevention costs in this approach is discussed. A probabilistic approach increasingly being adopted by electric utilities is described that allows costs and benefits of reliability to be compared directly.<>
Keywords :
economics; reliability; deterministic criteria; electric transmission reliability planning; electric utilities; energy reliability; outage costs; prevention costs; Circuits; Cost function; Power generation economics; Power industry; Production systems; Refrigeration; Reliability; Transformers;
Journal_Title :
Potentials, IEEE
