Preprint Article Version 1 This version is not peer-reviewed

Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland

Version 1 : Received: 23 June 2018 / Approved: 25 June 2018 / Online: 25 June 2018 (08:22:20 CEST)

A peer-reviewed article of this Preprint also exists.

Küfeoğlu, S.; Gündüz, N.; Chen, H.; Lehtonen, M. Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland. Energies 2018, 11, 1831. Küfeoğlu, S.; Gündüz, N.; Chen, H.; Lehtonen, M. Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland. Energies 2018, 11, 1831.

Journal reference: Energies 2018, 11, 1831
DOI: 10.3390/en11071831

Abstract

Increasing distributed generation and intermittency, 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.

Subject Areas

power interruption; distribution system operator; interruption cost; shadow price

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