Representing the production cost curve of a power system using the method of moments

Journal Article · Sat Aug 01 00:00:00 EDT 1992 · IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (United States)

DOI:https://doi.org/10.1109/59.207356· OSTI ID:7031497

Bloom, J A ^[1]

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1. General Public Utilities Service Corp., Parsippany, NJ (US)

This paper presents an analytic formula, based upon the equivalent load method, for computing the production cost of a power system. This formula can serve as a complement to larger, more complex production cost models since it requires significantly less data and computational effort when running many variants of a basic system configuration. The formula consists of several terms of a Gram-Charlier series using moments which are computed in one iteration of the usual probabilistic production cost algorithm.

• OSTI ID: 7031497
• Journal Information: IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (United States), Journal Name: IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (United States) Vol. 7:3; ISSN 0885-8950; ISSN ITPSE
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
240700* -- Power Transmission & Distribution-- Economic
Industrial & Business Aspects-- (1990-)
29 ENERGY PLANNING, POLICY, AND ECONOMY
290201 -- Energy Planning & Policy-- Economics-- (1992-)
99 GENERAL AND MISCELLANEOUS
990200 -- Mathematics & Computers
ALGORITHMS
COST ESTIMATION
DEMAND
ENERGY DEMAND
EQUATIONS
MATHEMATICAL LOGIC
MATHEMATICAL MODELS
POWER SYSTEMS
PRODUCTION