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Probabilistic methods applied to electric power systems—are they worth it?

Probabilistic methods applied to electric power systems—are they worth it?

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  • Author(s): R.N. Allan 1  and  R. Billinton 2
    • View affiliations
    • Affiliations: 1: Electrical Energy & Power Systems Group, Department of Electrical Engineering & Electronics, UMIST, Manchester, UK
      2: Department of Electrical Engineering, College of Engineering, University of Saskatchewan, Saskatoon, Canada
  • Source: Volume 6, Issue 3, May 1992, p. 121 – 129
    DOI:  10.1049/pe:19920027 , Print ISSN 0950-3366,
© The Institution of Electrical Engineers
Published
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This article reflects on and questions existing approaches to maintaining and improving the reliability of power systems and reviews and highlights some alternative ways forward. It also questions the need and usefulness of present deterministic criteria and security standards and instead suggests that integrated cost benefit analyses involving customers and their decisions could be a more rewarding and applicable approach. The guiding principle throughout this article is the basic question: ‘Is it worth it?’.

Inspec keywords: power systems; reliability; probability

Other keywords: security standards; deterministic criteria; integrated cost benefit analyses; reliability; power systems; probabilistic methods

Subjects: Probability and statistics; Power systems; Maintenance and reliability; Reliability; Statistics

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Probabilistic methods aplied to power systems—are they worth it?
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