FIRST: Generally may I first state that the use of long 'extension cables', especially for large loads it to be avoided whenever possible.
You have to deal with two general issues here:
1)
Voltage Drop
2) Overheating of cable (simplified statement)
Also remember that electrical code does state that 'extension cables' cannot be used save for 'temporary' uses. Even with 'temporary installations', it is to be avoided.
Also in general it is far better to run out to some sort of distribution for 'temporary' situations where the distance is great. Especially if you will be running multiple circuits to the location. There really are a lot of factors.
Also in general your statement of 16AWG
wire is to be avoided for a
circuit with a 15amp OC Device. You should use 14AWG minimum, however 'lamp cords' and some small extension cables for HOUSEHOLD USE are 16AWG.
Basically any cable as a particular amount of
impedance per
foot, along with other factors. De-rating cable involves a number of calculations based on number of conductors, cable type,
identified vs
neutral,
conductor size, ambient temperature,
etc. I'd rather got go into these too deeply, sufficed to say if you run into the situation that you need to know it, you should contact a professional with the appropriate experience.
In a
house the
wire size is indeed determined by the same factors, and the smallest size used for line-voltage is 14AWG. In a
house it is rare to need to step up to 12AWG, but I've seen it happen. You see in any situation it is INTENDED that you WILL NOT be attaching a long extension
cord into a general-purpose
receptacle. Just like you cannot draw 15amps on every
receptacle in a
house, it is intended that noone would need to do so in a residential occupancy. There are some 'special use' receptacles, like the ones in your kitchen that are either 15amp "splits" or 20amp "GFCIs". This is because people tend to use large appliances in the kitchen. The rest of the
house has 15amp circuits with usually around 8-12 receptacles on a
circuit.
Again special purpose receptacles are provided for the stove and dryer, or in a workshop usually again.
The receptacles in a residential occupancy are also by code required to be a certain distance apart to avoid the use of any 'extension cables'. In commercial and industrial occupancies you simply put circuits where they are expected to be needed. If you say add something that requires
power somewhere in these places, you are required to have an electrician place a
receptacle there (if there is not one already).
So back on
track here...
You are dealing with the
impedance (that is resistance, and any
inductance/
capacitance) along that big run of cable. The
system is most likely to fail at the 'weakest link'. So if you
plug in a 150' 10AWG extension cable running a large load into a 15amp
circuit run off of 14awg cable, you are most likely to reach failure where you plug-into the 15amp
receptacle. This is where the most heat will
build up.
KABOOM.
This is why generally when you are doing a show a long way from any
power you run large conductors, dedicated from the service (or sub-panel) to the location.
Now I have no idea why you asked this question in the first place. If it is for a particular event that you are doing, or for general inquiry and learning. If for something specific, if you want to be further advised, please contact an electrician. If for educational purposes I'd be happy to, and so would any of the electrical engineers I'm sure, write out much better.
I realize this is much more a rant than anything else. So please, any questions or comments or soforth? need clarification? I tried to dumb everything down, and I am not an electrical engineer. An electrician yes, in Canada. Our code-books are quite similar however.