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Well-being analysis (WBA) encompasses deterministic and probabilistic measures to capture the comprehensive status of power system fitness with regards to ensuring adequacy. A key application is to be found in reserve allocation studies, both in the regulated and the liberalized scenarios. This paper presents a revised WBA approach applicable to the determination of reserve requirements at the Hierarchical...
Available transfer capability (ATC) computations are extensively used to ensure competitive electricity trading in the deregulated environment. Acting as market signals of the transmission capability, ATC aids the independent system operator in ensuring that there is non-discriminatory access to the transmission services as sought by various market players, which information is pivotal for scheduling...
Electric power industry deregulation has brought about the unbundling of generation, transmission and distribution services and as such, new techniques for reliability assessment are being developed to account for the consequent structural changes in the restructured environment. The transition towards deregulation imposes several unique challenges for establishing reliability modeling paradigms....
This paper posits on a reasonable quantification of the intrinsic reliability offered by an existing transmission network structure for a given set of power transactions. We rely on the concept of transmission reliability margins in the lines, which act as safety nets to protect system security in the face of aleatory uncertainties in the availability of transmission lines and epistemic uncertainty...
Economic trading brought on by the introduction of markets in the realm of power systems has witnessed a drastic shift in the way customer-say is incorporated into reliability apportioning. As customers are the sole determinants of profit making ventures in the liberalized regime, it is imperative that they be provided with ample decision support through reliability management options for the selective...
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