Evaluation of the marginal outage costs of generating systems for the purposes of spot pricing

Journal Article · Mon Jan 31 23:00:00 EST 1994 · IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (United States)

DOI:https://doi.org/10.1109/59.317556· OSTI ID:7201160

Billinton, R; Ghajar, R ^[1]

---

1. Univ. of Saskatchewan, Saskatoon (Canada). Power Systems Research Group

This paper describes a methodology based on quantitative power system reliability evaluation for calculating the marginal outage costs of generating systems. The proposed method involves the calculations of the incremental expected unserved energy at a given operating reserve level and lead time and the multiplication of this value by the interrupted energy assessment rate of the system. The method is illustrated in this paper by calculating the marginal outage cost profile of the IEEE -- Reliability Test System and by examining the effect of various modeling assumptions on that profile.

• OSTI ID: 7201160
• 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. 9:1; ISSN ITPSEG; ISSN 0885-8950
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
240100* -- Power Systems-- (1990-)
COST
ENERGY SYSTEMS
MARGINAL-COST PRICING
MARKET
OUTAGES
POWER SYSTEMS
PRICES
RATE STRUCTURE
SPOT MARKET