Time-varying cost of loss evaluation in distribution networks using market marginal price

Onen A., Woyak J., Arghandeh R., Jung J., Scirbona C., Broadwater R. P.

INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS, vol.62, pp.712-717, 2014 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume: 62
  • Publication Date: 2014
  • Doi Number: 10.1016/j.ijepes.2014.05.028
  • Journal Name: INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Page Numbers: pp.712-717
  • Abdullah Gül University Affiliated: No

Abstract

In the electric power system planning process, engineers seek to identify the most cost-effective means of serving the load within reliability and power quality criteria. In order to accurately assess the cost of a given project, the feeder losses must be calculated. In the past, it was necessary to estimate the feeder losses based upon the peak load and a calculated load factor for the year. The cost of these losses would then be calculated based upon an expected, fixed per-kW h generation cost. This paper presents a more accurate means of calculating the cost of losses, using hourly feeder load information and time-varying electric energy cost data. This paper attempts to quantify the improvement in accuracy and presents an example where the economic evaluation of a planning project requires the more accurate loss calculation. (C) 2014 Elsevier Ltd. All rights reserved.