Abstract
This paper presents a reliability level evaluation scheme for customers to assess their outage risk. A bilateral contract model is proposed to express power suppliers as generators with Forced Outage Rates. Outage related cost consisting of potential outage risks and estimated outage cost with weighting coefficients is also proposed as an index of the reliability on the customer side. By using this index, customers reliability level can be evaluate as the cost concerning to outage. Appropriate reliability level reflecting the characteristic of customers is obtained through setting procedure of weighting coefficients of the proposed outage related cost. Several numerical examples demonstrate the effectiveness of the proposed approach.
| Original language | English |
|---|---|
| Title of host publication | 39th International Universities Power Engineering Conference, UPEC 2004 - Conference Proceedings |
| Pages | 1019-1023 |
| Number of pages | 5 |
| Volume | 3 |
| Publication status | Published - 2004 |
| Event | 39th International Universities Power Engineering Conference, UPEC 2004 - Bristol Duration: 2004 Sept 6 → 2004 Sept 7 |
Other
| Other | 39th International Universities Power Engineering Conference, UPEC 2004 |
|---|---|
| City | Bristol |
| Period | 04/9/6 → 04/9/7 |
Keywords
- Bilateral Contract
- Outage Cost
- Reliability
ASJC Scopus subject areas
- Engineering(all)