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Trade-off Between Cost and Safety To Cope with Station Blackout in A PWR in A Deregulated Electricity Market
In this paper a close solution is presented to determine the trade-off between cost and safety to cope with station blackout (SBO) in Pressurized Water Reactors (PWRs). To compute the profit of each generation unit, a Supply Function Equilibrium (SFE) model swhich considers carbon tax is used in a u...
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Published in: | Journal of electrical engineering & technology 2020, 15(5), , pp.2045-2056 |
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Main Authors: | , , , , |
Format: | Article |
Language: | English |
Subjects: | |
Citations: | Items that this one cites |
Online Access: | Get full text |
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Summary: | In this paper a close solution is presented to determine the trade-off between cost and safety to cope with station blackout (SBO) in Pressurized Water Reactors (PWRs). To compute the profit of each generation unit, a Supply Function Equilibrium (SFE) model swhich considers carbon tax is used in a uniform electricity market. A hierarchical heuristic method is applied for decision making on safety improvement of Nuclear Power Plants (NPPs). In this method the break-even point is used as a criterion to make a decision on comparing cost of safety improvement and profit of NPP in a deregulated electricity market. This method is applied in a case of adding an Emergency Water Supply (EWS) and an Emergency Diesel Generator (EDG) to a NPP where impacts of its investment cost and its profit are investigated. The achieved results show that the break-even point of investment cost and net profit of the NPP by adding the EDG is one month later than NPP with addition of EWS. |
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ISSN: | 1975-0102 2093-7423 |
DOI: | 10.1007/s42835-020-00488-5 |