## Electric Energy Generation: Economics, Reliability, and RatesElectric generating systems are so complex that the problems of devising analytical techniques and models that predict their actual behavior are enormous. But since the reliable and economic operation of such systems has become necessary to everyday life, it is imperative that those problems be solved. A host of diverse techniques--ranging from simple graphical devices to sophisticated simulation and mathematical programming models--have been developed. Each of these, however, is applicable only to certain classes of problems, not to the systemwide performance of power generation. The purpose of this book is to present a unified approach applicable to a whole range of systems-analysis needs in the electric energy generation field, an approach based on the recently developed equivalent load-duration curve (ELDC).The first seven chapters review traditional concepts and issues in the field, including reliability analysis and reserve planning, operating cost calculation, and rate structure analysis. The remaining seven chapters, which emphasize the random nature of electric generating systems, develop the ELDC approach and show its applicability to the full range of concepts and issues that have long engaged the attention of system designers and decisionmakers.This comprehensive and sophisticated treatment will interest electric utility managers and researchers, planners, and various federal commissions on utilities, as well as operations researchers, systems analysts, and energy economists. |

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### Contents

Traditional Concepts and Issues in Evaluating | 5 |

Electric Power Generating Systems | 13 |

Reliability Analysis and Reserve Planning | 27 |

Copyright | |

10 other sections not shown

### Common terms and phrases

approach assume available capacity babilities compute consumption contribution curtailment probability associated decision problems demand characteristics demand for power demand level denoted density function derive deterministic distribution economic equilibrium electric power industry electric power system energy delivered equal equation equivalent load-duration curve evaluating expected marginal energy factors figure forced outages rate gas turbines given impact increase installed capacity investment kilowatt-hour last unit level of LOLP linear program LOEP maintenance and forced maintenance requirements maintenance schedule margin distribution marginal capacity costs marginal cost function marginal energy cost megawatt merit order loading methods nonsupply number of hours number of units obtained off-peak hours optimal mix outage probability outages and maintenance partial ELDC peak demand peak hours peaking units period planning problem random component recursive reliability level reserve margin reserve requirements resulting shortage simulation model subperiod subroutine subset system reliability t(Pc transformation formula unit's unsupplied energy variable various yield