Reliability and rationing cost in a power system

N. Vijayaymohanan Pillai
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N. Vijayaymohanan Pillai: Centre for Development Studies

Centre for Development Studies, Trivendrum Working Papers from Centre for Development Studies, Trivendrum, India

Abstract: The present paper attempts to analyse the implications of the relationship between reliability and rationing cost involved in a power supply system in the framework of the standard inventory analysis, instead of the conventional marginalist approach of welfare economics. The study is substantiated by fitting a normal distribution to the daily internal maximum demand of the Kerala power system during 1995-96, and also by estimating, based on the techno-economic parameters of different types of power plants, the rationing costs implied in different reliability target criteria.

Keywords: Reliability; rationing cost; maximum demand; normal distribution; power supply (search for similar items in EconPapers)
JEL-codes: C44 L94 Q41 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2002-03
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Citations: View citations in EconPapers (1)

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