The evaluation of variance of generating system production cost [power system planning]
TENCON '93. Proceedings. Computer, Communication, Control and Power Engineering.1993 IEEE Region 10 Conference (1993)
Abstract
This paper proposes an analytical algorithm for the calculation of variances for system energy generation and system production cost. It is the extension of probabilistic production simulation direct method which uses the probability density functions of system available generating power and hourly loads. Numerical example indicate that this algorithm is accurate and efficient In comparison with existing methods.<>
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Key words
economics,power system planning,generating system production cost,probabilistic production simulation direct method,probability density functions,system energy generation,system production cost
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