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Value of service reliability

Journal Article · · IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (USA)
DOI:https://doi.org/10.1109/59.65911· OSTI ID:6527469
;  [1]
  1. Pacific Gas and Electric Co., San Francisco, CA (US)
This paper presents the value of service (VOS) reliability evaluation approach that explicitly incorporates into the planning process customer choices regarding reliability worth and service costs. Using the least-cost planning framework, and taking advantage of the recent advances in the quantification of outage costs, our approach determines the optimal level of reliability for the utility and its customers. The approach considers system operational measures the so-called emergency actions that the operators invoke in time of dwindling reserves. Information on customer outage costs associated with such actions is incorporated using a probabilistic framework. This approach permits utilities to plan for levels of reliability commensurate with the customers' willingness to pay. The application of this methodology to planning problems is discussed. Numerical results for a large utility are presented.
OSTI ID:
6527469
Journal Information:
IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (USA), Journal Name: IEEE Transactions on Power Systems (Institute of Electrical and Electronics Engineers); (USA) Vol. 5:3; ISSN ITPSE; ISSN 0885-8950
Country of Publication:
United States
Language:
English

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