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Reliability assessment of restructured power systems using reliability network equivalent and pseudo-sequential simulation techniques

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Reliability assessment of restructured power systems using reliability network equivalent and pseudo-sequential simulation techniques

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Title: Reliability assessment of restructured power systems using reliability network equivalent and pseudo-sequential simulation techniques
Author: Ding, Yi; Wang, Peng; Goel, Lalit; Billinton, Roy; Karki, Rajesh
Copyright year: 2007
Abstract: This paper presents a technique to evaluate reliability of a restructured power system with a bilateral market. The proposed technique is based on the combination of the reliability network equivalent and pseudo-sequential simulation approaches. The reliability network equivalent techniques have been implemented in the Monte Carlo simulation procedure to reduce the computational burden of the analysis. Pseudo-sequential simulation has been used to increase the computational efficiency of the non-sequential simulation method and to model the chronological aspects of market trading and system operation. Multi-state Markov models for generation and transmission systems are proposed and implemented in the simulation. A new load shedding scheme is proposed during generation inadequacy and network congestion to minimize the load curtailment. The IEEE reliability test system (RTS) is used to illustrate the technique.
Subject: DRNTU::Engineering::Electrical and electronic engineering::Electric power::Production, transmission and distribution.
Type: Journal Article
Series/ Journal Title: Electric power systems research
School: School of Electrical and Electronic Engineering
Rights: Copyrights Elsevier. The Journal's web site is located at http://www.elsevier.com/locate/epsr
Version: Accepted version

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