Journal
INTERNATIONAL JOURNAL OF ELECTRICAL POWER & ENERGY SYSTEMS
Volume 126, Issue -, Pages -Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.ijepes.2020.106582
Keywords
Customer interruption cost; Electrical power tripping; Energy sustainability; Static system cascading collapse; Risk and reliability cost/worth
Categories
Funding
- Research Management Institute (RMI), Universiti Teknologi MARA, Malaysia [600-IRMI/FRGS 5/3 (157/2019)]
- Ministry of Higher Education (MOHE), Malaysia [600-IRMI/FRGS 5/3 (157/2019)]
- Advanced Power Solution Sdn. Bhd.
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In recent years, there has been a significant revolution in the electrical power business, changing the design of electrical powers worldwide. It is essential for power companies to implement preemptive measures to prevent power outages, as poor performance can have a negative impact on a nation's economy and society. The proposed techniques for evaluating risk and reliability cost are crucial for the sustainability of future energy systems.
A drastic change has occurred over the last few years in the electrical power business, where a significant worldwide revolution has taken place and changing the design of electrical powers. It has become imperative for the utility to handle the electrical power reliably as poor performance can lead to electrical power outages which will inevitably have an adverse impact on a nation's economy and society. Hence, the power company should consider devising suitable pre-emptive measures to avoid the possibility of electricity supply disruptions. These disruptions may have a potentially catastrophic effect on the running of the system, which may even include consumers having to bear monetary costs. This research looks at the valuations of risk and reliability cost/worth-based customer interruption cost due to static system sequential tripping. The performance of the suggested techniques are evaluated through comparing risk-based valuations and reliability cost/worth valuations corresponding to the transfer capability results which are correlated to the static system sequential tripping. The results have demonstrated that the unpredictable sequential tripping must not be ignored from the transmission reliability margin determination. Hence, the proposed techniques are likely to play an important role for energy sustainability of the future.
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