Long-Run Marginal Cost Pricing Based on Network Spare Capacity

Li, Furong

doi:10.1109/tpwrs.2007.894849

Cited by 26 publications

(16 citation statements)

References 4 publications

(3 reference statements)

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“…Regarding the quantification of asset reinforcement costs, the projected long-run investment costs (LRICs) for power systems was defined and quantified in existing publications [24][25][26]. The LRIC concept assumes that due to load growth, an asset will be used to its full capacity in a certain number of years (this time frame is defined as the time horizon), thus prompting investment at a future tipping point, i.e.…”

Section: B Deriving Additional Reinforcement Cost From 3-phase Imbalmentioning

confidence: 99%

Quantification of Additional Asset Reinforcement Cost From 3-Phase Imbalance

2016

IEEE Trans. Power Syst.

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Section: B Deriving Additional Reinforcement Cost From 3-phase Imbalmentioning

confidence: 99%

Quantification of Additional Asset Reinforcement Cost From 3-Phase Imbalance

2016

IEEE Trans. Power Syst.

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“…Taking a similar tack, Li [20] develops the same methodology, but using analytical expressions to calculate LTMC instead of incremental cost. In [21], the same methodology is applied to calculate reactive energy tariffs, using the reinforcements required to offset voltage limit violations.…”

Section: Ltmc-based Distribution Pricingmentioning

confidence: 99%

Distribution pricing: theoretical principles and practical approaches

Reneses

Ortega

2014

IET Generation, Transmission & Distribution

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“…The LRIC model originally proposed by UoB in conjunction with the Office of Gas and Electricity Market (Ofgem) and Western Power Distribution (WPD) [9,13] assumes that for network components affected by a nodal injection, either demand or generation, there will be a cost associated for the injection if their reinforcement horizons are accelerated or a credit if they are deferred. Fig.2 demonstrates the basic concept behind the model.…”

Section: Long-run Incremental Cost Pricing Modelmentioning

confidence: 99%

Quantifying the long-term benefits of interruptible load scheme for distribution network investment

2011

2011 IEEE Power and Energy Society General Meeting

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This paper seeks to measure the long-term benefits brought by the interruptible load scheme (ILS) to network utilities and customers. Normally, the ILS is adopted as necessary to reduce system peak demand. By contrast, this paper states that if the scheme is adopted during network contingencies that drive future reinforcement, great benefits might be obtained. It assumes that the long-term benefits incurred from introducing the scheme needs to be investigated and long-term use-of-system pricing is qualified for this purpose. In order to encourage customers to participate in the scheme, the derived charges can work as economic incentives. Hence, the long-run increment cost (LRIC) pricing for interruptible loads is reported, which is able to truly recognize the impact of ILS on network investment in long-term. The benefits from introducing the scheme are evaluated in terms of deferral in present value of future reinforcement of network investment and the reduction in nodal use-of-system charges. The concept is demonstrated in a practical Extra-high voltage (EHV) distribution network, indicating its effectiveness.Index Terms-Network pricing, Long-run incremental cost, Interruptible load scheme, Investment

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Long-Run Marginal Cost Pricing Based on Network Spare Capacity

Cited by 26 publications

References 4 publications

Quantification of Additional Asset Reinforcement Cost From 3-Phase Imbalance

Quantification of Additional Asset Reinforcement Cost From 3-Phase Imbalance

Distribution pricing: theoretical principles and practical approaches

Quantifying the long-term benefits of interruptible load scheme for distribution network investment

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