Abstract
AbstractFRIENDS (Flexible, Reliable and Intelligent ENergy Delivery System) is a new concept for a future energy delivery system. FRIENDS is characterized by the Quality Control Center (QCC) with dispersed generator and/or storage system intended to improve the system reliability.In this paper, the social cost is assumed as the sum of the rate of electricity, interruption cost, and QCC cost. The effect of the QCC on the improvement of the area economic efficiency is evaluated by means of the Monte Carlo simulation. It is demonstrated that, depending on the desired reliability level, the area social cost may be improved by the QCC. © 2003 Wiley Periodicals, Inc. Electr Eng Jpn, 144(4): 9–21, 2003; Published online in Wiley InterScience (www.interscience.wiley.com). DOI 10.1002/eej.10162
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