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Importance of Reliability Criterion in Power System Expansion Planning

Author

Listed:
  • Goran Slipac

    (Croatian Power Company (HEP d.d.), Zagreb 10000, Croatia)

  • Mladen Zeljko

    (Energy Institute Hrvoje Požar (EIHP), Zagreb 10000, Croatia)

  • Damir Šljivac

    (Faculty of Electrical Engineering, Computer Science and Information Technology (FERIT), Josip Juraj Strossmayer University of Osijek, Osijek 31000, Croatia)

Abstract

The self-sufficiency of a power system is no longer a relevant issue at the electricity market, since day-to-day optimization and security of supply are realized at the regional or the internal electricity market. Research connected to security of supply, i.e., having reliable power capacities to meet demand, has been conducted by transmission system operators. Some of the common parameters of security of supply are loss of load probability (LOLP) and/or loss of load expectation (LOLE), which are calculated by a special algorithm. These parameters are specific for each power system. This work presents the way of calculating LOLP as well as the optimization algorithm of LOLP, which takes into consideration the particularities of the power system. It also presents a difference in the treatment of LOLP regarding the observed power system and the necessary installed power capacity if applied to the calculated LOLP in relation to the optimized LOLP. As a conclusion, the study analyzed the parameters impact the regional electricity market—where the participants are countries with different development levels and various particularities of power systems—i.e., what it means when the same LOLP criterion is applied to them and the optimized LOLP.

Suggested Citation

  • Goran Slipac & Mladen Zeljko & Damir Šljivac, 2019. "Importance of Reliability Criterion in Power System Expansion Planning," Energies, MDPI, vol. 12(9), pages 1-18, May.
    • Handle: RePEc:gam:jeners:v:12:y:2019:i:9:p:1714-:d:228703
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    References listed on IDEAS

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    1. Cramton, Peter & Stoft, Steven, 2005. "A Capacity Market that Makes Sense," The Electricity Journal, Elsevier, vol. 18(7), pages 43-54.
    2. Ovaere, Marten & Heylen, Evelyn & Proost, Stef & Deconinck, Geert & Van Hertem, Dirk, 2019. "How detailed value of lost load data impact power system reliability decisions," Energy Policy, Elsevier, vol. 132(C), pages 1064-1075.
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    Cited by:

    1. Mladen Zeljko & Marko Aunedi & Goran Slipac & Dražen Jakšić, 2020. "Applications of Wien Automatic System Planning (WASP) Model to Non-Standard Power System Expansion Problems," Energies, MDPI, vol. 13(6), pages 1-17, March.
    2. Murphy, Sinnott & Lavin, Luke & Apt, Jay, 2020. "Resource adequacy implications of temperature-dependent electric generator availability," Applied Energy, Elsevier, vol. 262(C).
    3. Ahmed Gailani & Maher Al-Greer & Michael Short & Tracey Crosbie & Nashwan Dawood, 2020. "Lifetime Degradation Cost Analysis for Li-Ion Batteries in Capacity Markets using Accurate Physics-Based Models," Energies, MDPI, vol. 13(11), pages 1-21, June.

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