Reliability level evaluation on the customer side for bilateral contract market

Satoru Niioka, Ryuichi Yokoyama

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Abstract

    This paper presents a reliability level evaluation scheme for customers to assess their outage risk. A bilateral contract model is proposed to express power suppliers as generators with Forced Outage Rates. Outage related cost consisting of potential outage risks and estimated outage cost with weighting coefficients is also proposed as an index of the reliability on the customer side. By using this index, customers reliability level can be evaluate as the cost concerning to outage. Appropriate reliability level reflecting the characteristic of customers is obtained through setting procedure of weighting coefficients of the proposed outage related cost. Several numerical examples demonstrate the effectiveness of the proposed approach.

    Original languageEnglish
    Title of host publication39th International Universities Power Engineering Conference, UPEC 2004 - Conference Proceedings
    Pages1019-1023
    Number of pages5
    Volume3
    Publication statusPublished - 2004
    Event39th International Universities Power Engineering Conference, UPEC 2004 - Bristol
    Duration: 2004 Sep 62004 Sep 7

    Other

    Other39th International Universities Power Engineering Conference, UPEC 2004
    CityBristol
    Period04/9/604/9/7

    Keywords

    • Bilateral Contract
    • Outage Cost
    • Reliability

    ASJC Scopus subject areas

    • Engineering(all)

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  • Cite this

    Niioka, S., & Yokoyama, R. (2004). Reliability level evaluation on the customer side for bilateral contract market. In 39th International Universities Power Engineering Conference, UPEC 2004 - Conference Proceedings (Vol. 3, pp. 1019-1023)