TY  - JOUR
AB  - A system operator (SO) of a transmission network consistently aims to minimise operating costs whilst still maintaining a certain degree of system adequacy. One of the ways to achieve this is by minimising the level of spinning reserve (SR) in the system. In order to do so, the level of SR must be analysed. This study looks at quantifying the risk of inadequacy when the SR is varied. A study was done for a period of 24 h with 30 m intervals to determine the risk level at each period. The number of generators despatched, system power margin and the system sell price was all taken into account. Risk was then computed by factoring the probability of generation inadequacy and the cost of purchasing the imbalance from the balancing market.
VL  - 23
IS  - 2
SN  - 0332-1649
DO  - 10.1108/03321640410510686
UR  - https://doi.org/10.1108/03321640410510686
AU  - Lo K.L.
AU  - Hashim A.H.
PY  - 2004
Y1  - 2004/01/01
TI  - Risk analysis approach for generation adequacy assessment in a deregulated environment
T2  - COMPEL - The international journal for computation and mathematics in electrical and electronic engineering
PB  - Emerald Group Publishing Limited
SP  - 467
EP  - 486
Y2  - 2024/05/04
ER  -