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This paper presents a long-run incremental cost pricing (LRIC) model that reflects the cost caused by the changes of the circuit breakers utilisation levels in the network. The pricing focuses on evaluating the costs of advancing the circuit breakers' upgrade consequent upon the Distributed Generator (DG) connection. In this paper, the impact to the future circuit breaker reinforcement is assessed...
It is important for a pricing model to reflect the costs/benefits imposed on a network when connecting a new generator or demand. Work has been done to link nodal generation/demand increment to changes in circuits' and transformers' investment horizon, which in turn translated into long-run costs. Network security is one of the most important cost drivers. All networks are designed to be able to withstand...
Electricity markets developed as a result of the deregulation of electric power systems around the world. At privatisation, the industry was disaggregated into a number of individual businesses carrying out one or more of the newly defined industry functions. The idea was to introduce competition (where competition was deemed possible) and to regulate (where competition was not considered practicable)...
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