Title :
A value-based reliability enhancement scheme for bulk transmission system planning
Author :
Momoh, James A. ; Wang, Yanchun ; Elfayoumy, Mahmoud ; Mittelstadt, Bill ; Agarwal, S.K. ; Adapa, R.
Author_Institution :
Dept. of Electr. Eng., Howard Univ., Washington, DC, USA
fDate :
11/1/1998 12:00:00 AM
Abstract :
This paper describes a unique value-based reliability enhancement method for bulk transmission system planning. Reinforcement alternatives are evaluated considering their cost and impact on system reliability based on system capability studies under contingency conditions. A dollar value quantification of the level of reliability is presented in the paper enabling calculation of benefit to cost ratios. Based on this quantification, the improvement option that offers the best balance between cost and reliability is selected
Keywords :
costing; economics; power system planning; power system reliability; transmission network calculations; transmission networks; value engineering; benefit to cost ratios; bulk transmission system planning; capability studies; contingency conditions; dollar value quantification; power system reliability impact; reinforcement alternatives; value-based reliability enhancement scheme; Cost benefit analysis; Cost function; Decision making; Electricity supply industry; Legislation; Load forecasting; Power industry; Power system analysis computing; Power system planning; Power system reliability;
Journal_Title :
Power Systems, IEEE Transactions on
