Assessment of Power System Performance Indices in a Restructured Power Industry – A Review

Abstract

Ensuring high-quality and reliable power supply to customers plays a crucial role in the power system. Restructuring the power system is an efficient approach to evaluate and deliver economic and uninterrupted power supply. Reliability assessment , which depends on system security and adequacy, serves as a means to check the reliability of the power system. Sequential simulation is proposed as a reliable method to enhance power system performance indices and assess reliability in un-bundled power utilities. By simulating the stochastic behavior and sequential process of the system, outage occurrences can be identified and reflected in the form of a reliability index. This paper presents an effective method to improve power system reliability in the transmission and distribution network.