Investment in the integration of information technologies in power systems: Distinctions in evaluating

Abstract

Subject. The sustainability and performance of power companies demonstrate an increasing dependence on information technologies integrated in power systems, since they help solve short-term business tasks and achieve long-standing strategic goals. Objectives. The study aims to unfold the investment decision-making methodology for implementing information technologies in power systems. Methods. Research is based on a systems approach to analyzing relevant methods and tools for investment feasibility study. Results. We point out the main distinctions of IT in power engineering as a target of investment. The article describes an algorithm for analyzing investment and the conceptual model for evaluating whether it is lucrative to invest in the integration of IT in power engineering. We discovered how relevant methods for analyzing investment in IT integration for power engineering correlate with contextual details of the investment project. Conclusions and Relevance. The methodology for evaluating the lucrativeness of investment in IT integration for power engineering should be developed so as to justify evaluation methods and tools in line with properties of IT to be integrated, properties of the power system, forecasting horizon, organizational capabilities of power engineering companies and pursuits of the investor.