Risk analysis approach for generation adequacy assessment in a deregulated environment

Lo, K.L. and Hashim, A.H. (2004) Risk analysis approach for generation adequacy assessment in a deregulated environment. COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering, 23 (2). pp. 467-483. ISSN 0332-1649

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Abstract

A system operator (SO) of a transmission network consistently aims to minimise operating costs whilst still maintaining a certain degree of system adequacy. One of the ways to achieve this is by minimising the level of spinning reserve (SR) in the system. In order to do so, the level of SR must be analysed. This study looks at quantifying the risk of inadequacy when the SR is varied. A study was done for a period of 24?h with 30?m intervals to determine the risk level at each period. The number of generators despatched, system power margin and the system sell price was all taken into account. Risk was then computed by factoring the probability of generation inadequacy and the cost of purchasing the imbalance from the balancing market.

Creators(s): Lo, K.L. and Hashim, A.H.;
Item type:Article
ID code:7045
Keywords:power transmission systems, risk assessment, systems analysis, risk analysis, power systems, Electrical engineering. Electronics Nuclear engineering, Computational Theory and Mathematics, Applied Mathematics, Computer Science Applications, Electrical and Electronic Engineering
Subjects:Technology > Electrical engineering. Electronics Nuclear engineering
Department:Faculty of Engineering > Electronic and Electrical Engineering
Unknown Department
Depositing user: Strathprints Administrator
Date deposited:23 Oct 2008
Last modified:20 Jan 2021 17:21
URI:https://strathprints.strath.ac.uk/id/eprint/7045
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