### Abstract

Language | English |
---|---|

Pages | 467-483 |

Number of pages | 16 |

Journal | COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering |

Volume | 23 |

Issue number | 2 |

DOIs | |

Publication status | Published - 2004 |

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### Keywords

- power transmission systems
- risk assessment
- systems analysis
- risk analysis
- power systems

### Cite this

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**Risk analysis approach for generation adequacy assessment in a deregulated environment.** / Lo, K.L.; Hashim, A.H.

Research output: Contribution to journal › Article

TY - JOUR

T1 - Risk analysis approach for generation adequacy assessment in a deregulated environment

AU - Lo, K.L.

AU - Hashim, A.H.

PY - 2004

Y1 - 2004

N2 - 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.

AB - 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.

KW - power transmission systems

KW - risk assessment

KW - systems analysis

KW - risk analysis

KW - power systems

UR - http://dx.doi.org/10.1108/03321640410510686

U2 - 10.1108/0332164041051068

DO - 10.1108/0332164041051068

M3 - Article

VL - 23

SP - 467

EP - 483

JO - COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering

T2 - COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering

JF - COMPEL: The International Journal for Computation and Mathematics in Electrical and Electronic Engineering

SN - 0332-1649

IS - 2

ER -