Risk and reliability worth assessment of power systems under corrective control

Kang Ma, Joseph Mutale

    Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

    Abstract

    This paper focuses on the impact of corrective control on the operating risk of power systems. The risk level is assessed through the Expected Energy Not Served (EENS) and the Expected Interruption Cost (EIC). The goal is to find the most cost effective option for enhancing the ability of the transmission system to deliver projected demand by comparing various corrective control scenarios with traditional reinforcement schemes. This is undertaken for different levels of corrective control and reliability profiles of control devices. In this paper the Static Var Compensator (SVC) is used as the primary corrective control device. A simple method for optimal placement of the SVCs around the network is proposed. Annualized risk indices are calculated through Chronological Monte Carlo Simulation (CMCS). Reliability worth assessment is then carried out based on net present value (NPV) which accounts for the Expected Interruption Cost as well as investment and operating costs. The scenario with the minimum overall cost is selected as the best one. The methodology is tested on the RBTS 6 bus composite system.
    Original languageEnglish
    Title of host publication41st North American Power Symposium, NAPS 2009|North Am. Power Symp., NAPS
    DOIs
    Publication statusPublished - 2009
    Event41st North American Power Symposium, NAPS 2009 - Starkville, MS
    Duration: 1 Jul 2009 → …

    Conference

    Conference41st North American Power Symposium, NAPS 2009
    CityStarkville, MS
    Period1/07/09 → …

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