The economics of reliability for electric generation systems
Based on a Ph. D. thesis in the Dept. of Civil Engineering
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| Format: | Technical Report |
| Language: | en_US |
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MIT Energy Lab
2005
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| Online Access: | http://hdl.handle.net/1721.1/27285 |
| _version_ | 1811098140597551104 |
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| author | Telson, Michael Lawrence |
| author_facet | Telson, Michael Lawrence |
| author_sort | Telson, Michael Lawrence |
| collection | MIT |
| description | Based on a Ph. D. thesis in the Dept. of Civil Engineering |
| first_indexed | 2024-09-23T17:10:31Z |
| format | Technical Report |
| id | mit-1721.1/27285 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T17:10:31Z |
| publishDate | 2005 |
| publisher | MIT Energy Lab |
| record_format | dspace |
| spelling | mit-1721.1/272852019-04-10T21:48:45Z The economics of reliability for electric generation systems Telson, Michael Lawrence Electric power-plants in United States -- Costs Electric power systems -- Reliability Based on a Ph. D. thesis in the Dept. of Civil Engineering Providing excess generation capability for reliability purposes costs a utility money. It is also true, that providing higher reliability adds value to electric service. After some point, however, the additional benefits do not warrant the additional cost. This work deals with the questions of how reliable should generation capability be for meeting system loads, what models should be used to measure this reliability and what bases should be used for answering the above two questions. We critique the measures that have been used and suggest that an energy shortage related measure in probably the best one to use. In addition, we specify what load and what benefit measurement models should be used. The resulting procedures are then used to develop techniques for 1) creating long term expansions of electric utility systems at various reliability levels and for 2) analyzing the costs and benefits of plant additions to arbitrary system expansions. From representative data, we conclude that present generation reliability levels for operation are probably too high. We discuss the magnitude of possible savings and we find that although only a few % of total system costs, they may have substantial profit impact. 2005-09-15T20:19:07Z 2005-09-15T20:19:07Z 1973 Technical Report 05877782 http://hdl.handle.net/1721.1/27285 en_US MIT-EL 73-016 11696154 bytes application/pdf application/pdf MIT Energy Lab |
| spellingShingle | Electric power-plants in United States -- Costs Electric power systems -- Reliability Telson, Michael Lawrence The economics of reliability for electric generation systems |
| title | The economics of reliability for electric generation systems |
| title_full | The economics of reliability for electric generation systems |
| title_fullStr | The economics of reliability for electric generation systems |
| title_full_unstemmed | The economics of reliability for electric generation systems |
| title_short | The economics of reliability for electric generation systems |
| title_sort | economics of reliability for electric generation systems |
| topic | Electric power-plants in United States -- Costs Electric power systems -- Reliability |
| url | http://hdl.handle.net/1721.1/27285 |
| work_keys_str_mv | AT telsonmichaellawrence theeconomicsofreliabilityforelectricgenerationsystems AT telsonmichaellawrence economicsofreliabilityforelectricgenerationsystems |