Title :
Cost-benefit analysis of electric power system reliability
Author :
Tinnium, K.N. ; Rastgoufard, P. ; Duvoisin, P.F.
Author_Institution :
Electr. Power Res. Lab., Tulane Univ., New Orleans, LA, USA
Abstract :
The purpose of this investigation is to determine an appropriate cost-benefit formula that will help the power system planners in prioritizing transmission system projects. This paper deals with describing the value of increased reliability and security in bulk power systems. Three different approaches used for prioritization of transmission system projects by the electric utilities are discussed and analyzed for two different transmission system alternatives. Utilizing the best approach, transmission alternatives are prioritized and the best alternative is placed on top of the prioritized table. An analysis of the three approaches and a relative comparison is performed on the IEEE 25 bus Reliability Test System. TRELSS (Transmission Reliability Evaluation of Large Scale Systems), a software package developed by EPRI, is utilized in determining the probabilistic indices that are used in the proposed approach
Keywords :
costing; economics; power system analysis computing; power system reliability; IEEE 25 bus Reliability Test System; TRELSS; Transmission Reliability Evaluation of Large Scale Systems; bulk power systems; cost-benefit analysis; electric power system reliability; electric utilities; power system planners; probabilistic indices; security; software package; transmission system projects prioritisation; Cost benefit analysis; Large-scale systems; Performance analysis; Performance evaluation; Power industry; Power system analysis computing; Power system reliability; Power system security; Software packages; System testing;
Conference_Titel :
System Theory, 1994., Proceedings of the 26th Southeastern Symposium on
Conference_Location :
Athens, OH
Print_ISBN :
0-8186-5320-5
DOI :
10.1109/SSST.1994.287831
