This online tool ascribes to a probabilistic, life-cycle loss evaluation method to evaluate the Total Ownership Cost of power transformers that are obliged to exclusively serve large wind plants. The method introduced, responds to the ongoing efforts of developing risk and cost-based decision making processes in today's competitive and dynamic energy markets. Therefore, capitalizing the losses and consequently the ownership cost of transformers, serving intermittent wind energy sources, entails a probabilistic approach that integrates the financial and technical characteristics as well as the uncertainties of wind energy generation.
The work has been financially and technically supported by the Electricity Authority of Cyprus