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Reliability and Rationing Cost in a Power System

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  • N. Vijayamohanan Pillai

Abstract

An attempt is made 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 [WP No. 325].

Suggested Citation

  • N. Vijayamohanan Pillai, 2007. "Reliability and Rationing Cost in a Power System," Working Papers id:997, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:997
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    References listed on IDEAS

    as
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    4. Michael A. Crew & Paul R. Kleindorfer, 1976. "Peak Load Pricing with a Diverse Technology," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 207-231, Spring.
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