Shadow pricing of electric power interruptions for distribution system operators in Finland
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Authors
Kufeoglu, Sinan
Gunduz, Niyazi
Chen, Hao
Lehtonen, Matti
Publication Date
2018-07-12Journal Title
Energies
ISSN
1996-1073
Publisher
MDPI AG
Volume
11
Issue
7
Pages
1831-1831
Type
Article
Metadata
Show full item recordCitation
Kufeoglu, S., Gunduz, N., Chen, H., & Lehtonen, M. (2018). Shadow pricing of electric power interruptions for distribution system operators in Finland. Energies, 11 (7), 1831-1831. https://doi.org/10.3390/en11071831
Abstract
Increasing distributed generation and intermittencies, along with the increasing frequency of extreme weather events, impose a serious challenge for the electric power supply security. Understanding the costs of interruption is vital in terms of enhancing the power system infrastructure and planning the distribution grid. On the other hand, customer rights and demand response techniques are further reasons to study the worth of power reliability. In this paper, the authors make use of directional distance function and shadow pricing method for a case study from Finland. The aim is to calculate the cost of one minute of power interruption from the distribution network operator perspective. The sample consists of 78 distribution network operators from Finland with cost and network information between 2013 and 2015.
Keywords
power interruption, distribution system operator, interruption cost, shadow price
Identifiers
External DOI: https://doi.org/10.3390/en11071831
This record's URL: https://www.repository.cam.ac.uk/handle/1810/282945
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