Electric Utility Rate Design Study: costing for peak-load pricing, Topic 4. Results for Carolina Power and Light Company
The objective of this report is to explain and demonstrate the various methods of cost allocations that were applied to the Carolina Power and Light Company (CP and L). The cost-allocation methods and application include two studies using embedded or average costs and two studies using marginal concepts. Each of the embedded cost-of-service studies covers a different time period or test year. The first is historical (1974) and the second is forward looking (1976). The concepts and applications of these studies are nearly identical--only the input data varies. In the embedded studies for this utility, it is apparent that time-of-day costing does not appear to make much difference; that CP and L's seasonal rates have properly recognized relative class peak responsibility. Results of short-run marginal-cost studies show that energy costs may decrease from December 1976 levels and that production demand costs will rise due to the addition of nuclear capacity. The long-run marginal costs indicate that the cost of energy may decrease from present levels due to the addition of 1721 MW of nuclear generation. Production demand costs will be higher due to the high capital investment. (MCW)
- Research Organization:
- Ebasco Services, Inc., New York (USA); Electric Power Research Inst., Palo Alto, Calif. (USA)
- OSTI ID:
- 5285245
- Report Number(s):
- NP-22517
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
ELECTRIC POWER
PEAK-LOAD PRICING
ELECTRIC UTILITIES
ECONOMICS
COST BENEFIT ANALYSIS
ALLOCATIONS
CHARGES
CONSTRUCTION
COST
DATA COMPILATION
FORECASTING
MARGINAL-COST PRICING
NORTH CAROLINA
NUCLEAR POWER PLANTS
PLANNING
POWER GENERATION
RATE STRUCTURE
SOUTH CAROLINA
NORTH AMERICA
NUCLEAR FACILITIES
POWER
POWER PLANTS
PUBLIC UTILITIES
THERMAL POWER PLANTS
USA
296000* - Energy Planning & Policy- Electric Power