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Under electricity market operation, the competitiveness of wind power generation may be reduced because of the stochastic nature of the wind resource, which often results in increased regulation costs. The negative impact associated to the stochastic nature of the wind resource may be reduced by coupling the wind farm with energy storage facilities, thus constituting a virtual power plant. In this...
This paper discusses a number of aspects of operational-risk assessment of transmission systems, operational-risk assessment uses techniques developed from reliability analysis to predict the performance of the transmission system during a short period of time (several hours) starting from a well-defined operational state. The influence of weather parameters on the momentary failure rate and the operational...
There is an increasing trend towards using the concept of risk assessment as an important tool in distribution system asset management. In an ongoing R&D project (RISK DSAM), the main objective is to investigate how information about risk exposure can improve maintenance and reinvestment decisions in an electrical distribution company. As the popularity of Bayesian networks (BN) is increasing,...
Better modelling and forecasting of very short-term power fluctuations at large offshore wind farms may significantly enhance control and management strategies of their power output. The paper introduces a new methodology for modelling and forecasting such very short-term fluctuations. The proposed methodology is based on a Markov-switching autoregressive model with time-varying coefficients. An advantage...
Reliable operation of power system is fundamental to the on-going industry reform. This paper presents the result of marginal power flow evaluation performed on Korean power system for planning mode. It uses two commercial software packages: physical and operational margins (POM V. 2.2) and probabilistic reliability assessment (PRA V. 3.1), respectively. The case studies of Korea power system for...
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