Quantitative study on benefits of distribution network investment

The development of distribution network in China lags behind the transmission network seriously, which is difficult to meet the development needs of high proportion of renewable energy power system in the future. Facing the huge investment demand of distribution network, it is urgent to improve the existing extensive experience based investment decision-making method and avoid the subjectivity of qualitative index evaluation method. In this paper, the life cycle theory and input-output method are used to study the quantification of distribution network investment benefit. The quantitative models of economic benefit and social benefit of distribution network investment are established to provide support for the comparison and decision-making of distribution network projects. Finally, an empirical analysis of the investment benefit model of a high-voltage distribution network project is carried out to verify the feasibility of the research results