TY  - EJOU
AU  - 
T1  - Reliability and Rationing Cost: Some Analytical Implications for a Power System
T2  - Asian Journal of Energy Transformation and Conservation

PY  - 2015
VL  - 2
IS  - 1
SN  - 2409-4293

AB  - 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.
KW  - Power supply
KW  - Maximum demand
KW  - Installed capacity
KW  - Reliability
KW  - Rationing cost
KW  - Normal distribution
KW  - Exponential distribution.
DO  - 10.18488/journal.81/2015.2.1/81.1.1.15