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Compare network and non-network options
A network need should be defined by location, timing and service requirement. Reinforcement, storage and demand response can sometimes provide alternatives but are not automatically equivalent. Regulatory investment tests require their applicable scope and methodology.
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Working relationship
Option comparison = service capability + timing + lifecycle cost + risk
What to keep separate
Do not present a private project NPV as the result of a regulatory investment test.
Your task
Build an options table for a local capacity constraint including a non-network alternative and failure scenario.
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Key terms in plain English
- Voltage
- Electrical potential difference: the driving condition for current in a circuit. Voltage level is not itself a quantity of energy.