Risk and benefits assessment of long and short term capacity contract strategies

Journal Article · Tue Aug 01 00:00:00 EDT 1989 · IEEE Trans. Power Syst.; (United States)

DOI:https://doi.org/10.1109/59.32588· OSTI ID:5741644

Trezos, T

This paper presents the development of a new planning methodology for purchasing firm capacity. The methodology evaluates the risk and benefits associated with long and short term capacity contracts; it facilitates the selection of a contract strategy that satisfies the capacity requirements of a utility company within its financial and operating constraints. In simplified form the issue addressed in this study is: When should a utility company sign its next capacity contract, for how many MW, at what price, and for what duration

• Research Organization: Southern California Edison Co., Rosemead, CA (USA)
• OSTI ID: 5741644
• Journal Information: IEEE Trans. Power Syst.; (United States), Journal Name: IEEE Trans. Power Syst.; (United States) Vol. 4:3; ISSN ITPSE
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
296000* -- Energy Planning & Policy-- Electric Power
CAPACITY
CONSTRAINTS
CONTRACTS
COST BENEFIT ANALYSIS
ELECTRIC POWER
ELECTRIC UTILITIES
PLANNING
POWER
PRICES
PUBLIC UTILITIES