Near real-life pilot testing of real-time probabilistic reliability assessments

Perkin, Samuel; Kristjánsson, Ragnar; Stefánsson, Hlynur; Jensson, Páll; Bjornsson, Gudjon; Baldursdottir, Iris; Palsson, M.P.; Karangelos, Efthymios; Wehenkel, Louis

doi:10.1109/pmaps.2016.7764093

Cited by 2 publications

(1 citation statement)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The methodology presented in this paper conforms with the principles of the socio-economic cost assessment proposed in [8]. These principles have also been the basis of related research work [9,10], primarily in the context of system operation (i.e. short term).…”

Section: Introductionmentioning

confidence: 97%

Probabilistic socio-economic cost assessment integrating power market and reliability analysis

Sperstad

Wolfgang

Helseth

et al. 2018

2018 IEEE International Conference on Probabilistic Methods Applied to Power Systems (PMAPS)

View full text Add to dashboard Cite

Moving from deterministic to probabilistic reliability criteria for power systems necessitates probabilistic methods for socioeconomic impact assessment. This paper demonstrates a probabilistic assessment of the long-term impact of the amount of transmission capacity given to the power market both on the market costs and on the expected customer interruption costs. A hydro-thermal market analysis is integrated with a contingency and reliability analysis and applied to the Nordic power system, focusing on a particular region of Norway and the transmission limits for this region. The results of this analysis are then combined in a socioeconomic cost assessment that illustrates how a probabilistic approach and flexible transmission limits may allow for a more socioeconomically optimal utilization of the grid. The results show that the impact of uncertainties (climatic variability) on the socioeconomic cost assessment can be substantial.

show abstract

Section: Introductionmentioning

confidence: 97%