Decide which costs and benefits to include (which test(s) to use). Define an alternative case/scenario (with the project). Key steps include: Define a reference case/scenario (without the project). Overview of benefit-cost analysis (BCA) in general Key challenges of grid modernization (grid mod) BCA Review of recent utility grid mod proposals Focus on utility-facing grid mod Using Advanced Distribution Management Systems (ADMS) as an example How to address key challenges of grid mod BCAs References for additional information Lots of Q&A throughoutģ Overview of BCA & Key Challenges of Grid Mod BCAĬase: Utility seeking approval of costs before spending Typically in a case dedicated to review proposed investments Utility often asks for pre-approval Allows for focused review of proposal Utility can be held accountable to cost forecasts Costs can be reduced or rejected before incurred Case: Utility seeking approval of costs after spending Typically in a rate case Allows for review in context of other costs Grid mod issues might be one of many contentious issues Difficult to modify, reduce, or disallow costsīCA is used to assess a project by comparing multiple costs with multiple benefits over the long term. Benefit-Cost Analysis for Utility-Facing Grid Modernization Investments Tim Woolf, Synapse Energy Economics NASUCA Annual Meeting November 11, 2018 ![]() Presentation on theme: "Synapse Energy Economics, Inc."- Presentation transcript:ġ Synapse Energy Economics, Inc.
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