Effective techniques for reliability worth assessment in composite power system networks using Monte Carlo simulation
- 1 January 1996
- journal article
- Published by Institute of Electrical and Electronics Engineers (IEEE) in IEEE Transactions on Power Systems
- Vol. 11 (3), 1255-1261
- https://doi.org/10.1109/59.535597
Abstract
Reliability cost/reliability worth assessment plays an important role in electric power system planning and operation. The paper proposes a technique for evaluating the costs of interruption and hence, the reliability worth in a composite power system network with time varying loads at load buses using sequential Monte Carlo simulation. A generalized methodology of determining the interruption costs, without considering the time varying aspect of the loads is discussed and the results are compared with those obtained by utilizing a load duration curve to represent the time dependent loads. Case studies conducted on the IEEE Reliability Test System (IEEE-RTS) are presented and discussed.Keywords
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