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Energies 2018, 11(7), 1831; https://doi.org/10.3390/en11071831

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

1
Energy Policy Research Group, Judge Business School, University of Cambridge, Cambridge CB2 1AG, UK
2
Department of Electrical Engineering and Automation, Aalto University, Espoo 02150, Finland
3
Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing 100081, China
*
Author to whom correspondence should be addressed.
Received: 23 June 2018 / Revised: 9 July 2018 / Accepted: 10 July 2018 / Published: 12 July 2018
(This article belongs to the Section Electrical Power and Energy System)
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Abstract

Increasing distributed generation and intermittencies, along with the increasing frequency of extreme weather events, impose a serious challenge for electric power supply security. Understanding the costs of interruption is vital in terms of enhancing the power system infrastructure and planning the distribution grid. Furthermore, 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 methods in a case study of Finland. The aim is to calculate the cost of one minute of power interruption from the perspective of the distribution network operator. The sample consists of 78 distribution network operators from Finland, and uses cost and network information between 2013 and 2015. View Full-Text
Keywords: power interruption; distribution system operator; interruption cost; shadow price power interruption; distribution system operator; interruption cost; shadow price
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).
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Küfeoğlu, S.; Gündüz, N.; Chen, H.; Lehtonen, M. Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland. Energies 2018, 11, 1831.

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