Abstract
This paper establishes technical foundations for the determination of the expected costs resulting from system outages. Outages refer to the inability of the system to supply part or all of the system load, not to equipment outages. The paper uses static system security (system adequacy) concepts to separate regions of normal operation from regions where outages occur.
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© 1993 Springer Science+Business Media New York
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Alvarado, F.L. (1993). Technical Foundations for Pricing Systems Security. In: Oren, S.S., Smith, S.A. (eds) Service Opportunities for Electric Utilities: Creating Differentiated Products. Topics in Regulatory Economics and Policy Series, vol 13. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-3140-1_7
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DOI: https://doi.org/10.1007/978-1-4615-3140-1_7
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