By Topic

Budget constrained planning to optimize power system reliability

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$33 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

2 Author(s)
R. E. Brown ; ABB Power T&D Co. Inc., Raleigh, NC, USA ; M. Marshall

De-regulation and re-regulation are forcing electric utilities to become more cost conscious. At some utilities, this has manifested itself in drastically reduced capital budgets. At the same time, utilities are under great pressure to maintain (and even improve) system reliability. With reduced budgets, it becomes necessary to establish accept/reject criteria that best allocates the budget while obtaining the highest possible system reliability. This paper presents a Budget Constrained Planning method to handle this situation. This method formulates project approvals as a rigorous optimization problem and uses a marginal cost/benefit approach similar to economic dispatch. Budget Constrained Planning is applied to the 1999 discretionary projects fund at Ameren Corporation and results are discussed

Published in:

IEEE Transactions on Power Systems  (Volume:15 ,  Issue: 2 )