Risk analysis of total transmission cost allocation using Monte Carlo simulation technique / Mervin Joseph Tawie

The key issue of electricity supply industry restructuring is the transmission access pricing that must be non-discriminatory, transparent and economically efficient. In the electricity transmission system, economic efficiency implies promoting an optimal utilisation of existing network, efficient siting of new generations and loads and promoting transmission investments. These require accurate transmission cost allocation that considers the uncertainty of system operating condition. In this final project, the cost for each circuit was allocated using the reverse MW-Mile approach, where the power flows in reverse direction were taken into account and the charge for each line was based on the net flows.