A Reliability Based Model for Electricity Pricing
In an attempt to re-regulate the distribution segment of an electric power system, public utility commissions (PUCs) areincreasingly adopting a reward/penalty framework in order to guarantee acceptable electric supply reliability. A distribution utility’s historical reliability performance records...
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Conference Paper |
| Published: |
University of New South Wales
2008
|
| Online Access: | http://hdl.handle.net/20.500.11937/27612 |
| _version_ | 1848752311943299072 |
|---|---|
| author | Chowdhury, A. Koval, D. Islam, Syed |
| author2 | Not known |
| author_facet | Not known Chowdhury, A. Koval, D. Islam, Syed |
| author_sort | Chowdhury, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In an attempt to re-regulate the distribution segment of an electric power system, public utility commissions (PUCs) areincreasingly adopting a reward/penalty framework in order to guarantee acceptable electric supply reliability. A distribution utility’s historical reliability performance records provide the basis for creating practical performance based ratemaking (PBR) mechanisms at the corporate level and identifying substandard areas within a utility’s distribution system. The paper presents an application using a graphical methodology for the stratification of a utility’s historical reliability indices data base into various categories, i.e., corporate level, regional level and crew level to quickly identify substandard areas for achieving optimum reliability and to develop PBR frameworks for use in a reregulatedenvironment. A brief analysis of cause contributions to the stratified reliability indices also is presented in this paper. This paper presents actual reliability performance history of a large utility over a period of three years to illustrate how this data can used to develop PBR frameworks for use in a reregulated environment. The historic reliability based PBR framework developed in this paper will find practical applications in the emerging deregulated electricity market. |
| first_indexed | 2025-11-14T08:06:37Z |
| format | Conference Paper |
| id | curtin-20.500.11937-27612 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:06:37Z |
| publishDate | 2008 |
| publisher | University of New South Wales |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-276122017-01-30T13:00:03Z A Reliability Based Model for Electricity Pricing Chowdhury, A. Koval, D. Islam, Syed Not known In an attempt to re-regulate the distribution segment of an electric power system, public utility commissions (PUCs) areincreasingly adopting a reward/penalty framework in order to guarantee acceptable electric supply reliability. A distribution utility’s historical reliability performance records provide the basis for creating practical performance based ratemaking (PBR) mechanisms at the corporate level and identifying substandard areas within a utility’s distribution system. The paper presents an application using a graphical methodology for the stratification of a utility’s historical reliability indices data base into various categories, i.e., corporate level, regional level and crew level to quickly identify substandard areas for achieving optimum reliability and to develop PBR frameworks for use in a reregulatedenvironment. A brief analysis of cause contributions to the stratified reliability indices also is presented in this paper. This paper presents actual reliability performance history of a large utility over a period of three years to illustrate how this data can used to develop PBR frameworks for use in a reregulated environment. The historic reliability based PBR framework developed in this paper will find practical applications in the emerging deregulated electricity market. 2008 Conference Paper http://hdl.handle.net/20.500.11937/27612 University of New South Wales restricted |
| spellingShingle | Chowdhury, A. Koval, D. Islam, Syed A Reliability Based Model for Electricity Pricing |
| title | A Reliability Based Model for Electricity Pricing |
| title_full | A Reliability Based Model for Electricity Pricing |
| title_fullStr | A Reliability Based Model for Electricity Pricing |
| title_full_unstemmed | A Reliability Based Model for Electricity Pricing |
| title_short | A Reliability Based Model for Electricity Pricing |
| title_sort | reliability based model for electricity pricing |
| url | http://hdl.handle.net/20.500.11937/27612 |