Optimization of adequacy of electric power systems in market conditions

Abstract

We suggest a new approach to optimization of the reliability of electric power system under market conditions, which involve confrontation of various interests of market participants. This feature makes unsuitable of traditional methods for optimization of the reliability of electric power system. We carry out the reliability analysis of the variants of development of electric power system based on of the Monte Carlo method. We calculate the profit of generating companies by the obtained reliability indexes, which characterize some variant of electric power system development. The investigated variant of development of electric power system is effective if all generating companies choose a sufficient level of reliability that satisfies the consumer.