Method of an automated rapid assessment of the total required revenue in calculating the electric power distribution tariffs

The current electric power distribution tariff-setting processes are too complicated and subjective, and transaction costs in the power distribution industry make up to 50% of all the costs. The method of an automated rapid assessment of the Total Required Revenue of Distribution Network Operators s...

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Bibliographic Details
Published in:Journal of physics. Conference series 2020-11, Vol.1661 (1), p.12194
Main Author: Shvedova, V Y
Format: Article
Language:English
Subjects:
Assessments
Automation
Costs
Data exchange
Electric power
Electric power distribution
Information systems
Mathematical analysis
Operators
Revenue
Tariffs
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Summary:The current electric power distribution tariff-setting processes are too complicated and subjective, and transaction costs in the power distribution industry make up to 50% of all the costs. The method of an automated rapid assessment of the Total Required Revenue of Distribution Network Operators suggested in the article is based on the identified dependencies between the Total Required Revenues of Distribution Network Operators, their cost items and operational indicators taking into account the possibilities of automated data collection from existing and sustainably operating state information systems. On the one hand, such an approach does not require additional expenses on creating and supporting new databases. On the other hand, it allows simplifying the information exchange between Distribution Network Operators and regulating organizations, to reduce the number of papers necessary for calculating electric power distribution tariffs, and to increase the rapidness of tariff-setting processes. As a result implementation of an automated rapid assessment of the Total Required Revenue in distribution tariff-setting processes allows reducing transaction costs and increasing the objectivity of calculations.
ISSN:1742-6588
1742-6596
DOI:10.1088/1742-6596/1661/1/012194