Using strategic models in electricity distribution investment planning

Abstract

This paper draws on practical experience of quantitative strategic modelling in the long-term investment planning process at CE Electric UK. It combines theoretical and practical examples to suggest how proven approaches can be employed within the industry. There are now many models, methodologies and decision support tools available to assist asset management planning processes. The wisdom needed in distribution network operators (DNOs) lies in the art of determining to what situations different models can be legitimately applied and how to utilise the results. Decision support relies on models that answer the right questions; fit engineering parameters appropriately; and on managing the risk of uncertainty in forecasting.