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

Vijayamohanan Pillai N.

Vijayamohanan Pillai N. 1

  1. Faculty, Centre for Development Studies, Prasanth Nagar, Ulloor, Trivandrum, Kerala, India 1

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on PubMed

Pages: 1-15

DOI: 10.18488/journal.81/2015.2.1/

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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.

Contribution/ Originality
This study suggests a new approach to the relationship between reliability and rationing cost involved in a power supply system; it also contributes in the existing literature to the standard inventory analysis by linking it to reliability analysis.


Power supply, Maximum demand, Installed capacity, Reliability, Rationing cost, Normal distribution, Exponential distribution.


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