Linear programming based analysis of marginal cost pricing in electric utility capacity expansion

This paper concerns methods for discretizing and approximating the annual load duration curve in the context of a linear programming model and its interpretation in electric utility expansion planning. The emphasis is upon the interpretation of the linear programming dual variables and their relatio...

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Published in:European journal of operational research 1982-01, Vol.11 (4), p.349-360
Main Authors: Sherali, Hanif D., Soyster, Allen L., Murphy, Frederic H., Sen, Suvrajeet
Format: Article
Language:English
Subjects:
Capacity
Electric utilities
Linear programming
Marginal costs
Marginal pricing
Mathematical models
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description This paper concerns methods for discretizing and approximating the annual load duration curve in the context of a linear programming model and its interpretation in electric utility expansion planning. The emphasis is upon the interpretation of the linear programming dual variables and their relationship with classical results of peak load pricing. In particular, for capacity planning in which one can choose from a diverse number of technological alternatives, we support the work of Wenders by precisely characterizing how off-peak periods bear partial responsibility of the capacity cost.
doi_str_mv 10.1016/0377-2217(82)90200-4
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source Backfile Package - Decision Sciences [YDT]
subjects Capacity
Electric utilities
Linear programming
Marginal costs
Marginal pricing
Mathematical models
title Linear programming based analysis of marginal cost pricing in electric utility capacity expansion
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