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Reliability and Rationing Cost: Some Analytical Implications for a Power System

Author

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  • Vijayamohanan Pillai N.

    (Faculty, Centre for Development Studies, Prasanth Nagar, Ulloor, Trivandrum, Kerala, India)

Abstract

The present paper attempts to analyze the implications of the relationship between reliability and rationing cost involved in a power supply system in the framework of the standard inventory analysis, instead of the conventional marginalist approach of welfare economics. The study is substantiated by fitting a normal distribution to the daily internal maximum demand of the Kerala power system during the four-year period from 2010-11 to 2013-14, and also by estimating, based on the techno-economic parameters of a 660 MW thermal power plant, the rationing costs implied in different reliability target criteria.

Suggested Citation

  • Vijayamohanan Pillai N., 2015. "Reliability and Rationing Cost: Some Analytical Implications for a Power System," Energy Review, Conscientia Beam, vol. 2(1), pages 1-15.
  • Handle: RePEc:pkp:enerev:2015:p:1-15
    DOI: 10.18488/journal.81/2015.2.1/81.1.1.15
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