NDLI: Evaluation of probability distributions of reliability indices in a multi bilateral contracts market

Content Provider	IEEE Xplore Digital Library
Author	Goel, L. Viswanath, P.A. Wang, P.
Copyright Year	2004
Description	Author affiliation: Sch. of Electr. & Electron. Eng., Nanyang Technol. Univ., Singapore (Goel, L.; Viswanath, P.A.; Wang, P.)
Abstract	In a bilateral contracts market while selecting contracts to meet their reliability requirements, probability distributions of load point reliability indices considering multi-bilateral contracts with Gencos can provide useful information for the customers. This paper utilizes the modeling of each bilateral contract as an ETMG (equivalent time varying multi-state generation) to evaluate the load point reliability. The priority order in which the generating companies serve various contracts in case of generator outages is considered in modeling the ETMG. A procedure to determine the probability distributions of reliability indices based on the ETMG at various customer load points is proposed. A test system has been analyzed to illustrate the procedure and also the factors that affect the load point reliability.
Starting Page	96
Ending Page	101
File Size	835123
Page Count	6
File Format	PDF
ISBN	0780386108
DOI	10.1109/ICPST.2004.1459973
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2004-11-21
Publisher Place	Singapore
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Contracts Probability distribution Power system reliability System testing Power system modeling Costs Power markets Risk management History Convergence
Content Type	Text
Resource Type	Article

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