Economic aspects of ensuring the capacity adequacy of electric power systems

Abstract

The present report deals with economic issues of selecting means ensuring the capacity adequacy of electric power systems. Cost analysis of various engineering measures ensuring the capacity adequacy has been performed, they are as follows: construction of margin generating capacities, erection of new power transmission lines or increase of transmission capacity of existing power lines. The cost-based analysis has been conducted following investment programs and regulatory acts in place. Recommendations on developing computational models of power systems have been given based on the results obtained in order to assess the capacity adequacy indices with account made for the cost of various engineering measures to be taken for their improvement.