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DOI	10.1016/j.enpol.2021.112366
	Estimating the marginal cost of reducing power outage durations in China: A parametric distance function approach
	Chen H.; Chen X.; Niu J.; Xiang M.; He W.; Küfeoğlu S.
发表日期	2021
ISSN	03014215
卷号	155
英文摘要	The increasing penetration of intermittent renewables and the accelerated climate change are challenging the power system operation in China, and understanding the cost of reducing power outage durations is essential in supporting the equipment maintenance, infrastructure investments and regulation policies. Therefore, this study first uses production theory combined with a parametric distance function approach to estimate the marginal costs (MCs) of reducing power outage durations by 1 h. Then, we establish a fixed-effects panel data model to investigate the impacts of different environmental factors on the estimated MCs. Finally, the estimated MCs are applied to the evaluations and designs of interruption compensation prices in the demand response mechanism. The significant findings are that: (1) The national MC shows an increasing trend during the period from 2002 to 2017 in China, ranging from 1.27 billion yuan/hour to 11.63 billion yuan/hour. (2) The MCs vary substantially among different provinces, and provinces with better reliability levels will have higher MCs. (3) The current compensations for power outages are only about 6% to 61% of the estimated MCs, indicating that grid companies would like to pay for the compensations rather than to enhance the system reliability from the supply side. © 2021 Elsevier Ltd
关键词	China Distance function Electricity outage durations Marginal cost
英文关键词	Climate change; Cost benefit analysis; Cost estimating; Cost reduction; Investments; Reliability; China; Distance functions; Electricity outage duration; Equipment maintenance; Function approaches; Intermittent renewables; Marginal costs; Power outage; Power system operations; Reducing power; Outages; cost analysis; electricity generation; electricity supply; energy policy; energy storage; estimation method; power generation; China
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205048
作者单位	School of Applied Economics, Renmin University of China, Beijing, 100872, China; Energy Policy Research Group, University of Cambridge, Cambridge, CB2 1AG, United Kingdom; School of Economics and Management, China University of Geosciences, Wuhan, 430074, China; School of Economics and Management, University of Science and Technology Beijing, Beijing, 100083, China; Department of Industrial Engineering, Istanbul Technical University, Istanbul, 34467, Turkey; Department of Energy Systems Engineering, Bahcesehir University, Istanbul, 34349, Turkey
推荐引用方式 GB/T 7714	Chen H.,Chen X.,Niu J.,et al. Estimating the marginal cost of reducing power outage durations in China: A parametric distance function approach[J],2021,155.
APA	Chen H.,Chen X.,Niu J.,Xiang M.,He W.,&Küfeoğlu S..(2021).Estimating the marginal cost of reducing power outage durations in China: A parametric distance function approach.Energy Policy,155.
MLA	Chen H.,et al."Estimating the marginal cost of reducing power outage durations in China: A parametric distance function approach".Energy Policy 155(2021).