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Hidden failures in protection schemes, the traditional N - 1 security criterion and the introduction of the electricity market are usually major causes in the recent wide area blackouts. In the present work, we address the reliability analysis of power systems using the Generalized Stochastic Petri Nets (GSPN). The proposed modeling approach considers not only the most common failures of power system...
This paper addresses the generation expansion-planning problem describing a model that generation companies can use to get insight to this problem and to more completely study and characterize different investment decisions. In the last 20 years, the generation activity evolved from a situation in which it was part of vertical companies to unbundled market agents that face a much more risky and uncertain...
Uncertain wind power forecasts is a disadvantage in an electricity market where the majority of the trading is performed several hours before the actual delivery. This paper presents a model which can be used to study how changes in the trading arrangement-in particular changing the delay time between closure of the spot market and the delivery period or changing the imbalance pricing system-would...
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