This study highlights the importance of developing and applying a new criterion for power system planning that is based on optimal reliability levels. Using a dual economic-engineering method, it is shown both theoretically and operationally that it is possible to establish an optimum plan for long run power system expansion and a corresponding range of reliability levels that will produce the greatest net social benefits. Such a treatment of the...
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INFORMATION
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1979/01/01
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Publication
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UNN352
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1
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1
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2003/06/25
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Disclosed
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Economics of power system reliability and planning : theory and case study
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social cost-benefit analysis
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