JOURNAL BROWSE
Search
Advanced SearchSearch Tips
Developing a New Risk Assessment Methodology for Distribution System Operators Regulated by Quality Regulation Considering Reclosing Time
facebook(new window)  Pirnt(new window) E-mail(new window) Excel Download
 Title & Authors
Developing a New Risk Assessment Methodology for Distribution System Operators Regulated by Quality Regulation Considering Reclosing Time
Saboorideilami, S.; Abdi, Hamdi;
  PDF(new window)
 Abstract
In the restructured electricity market, Performance-Based Regulation (PBR) regime has been introduced to the distribution network. To ensure the network stability, this regime is used along with quality regulations. Quality regulation impose new financial risks on distribution system operators (DSOs). The poor quality of the network will result in reduced revenues for DSOs. The mentioned financial risks depend on the quality indices of the system. Based on annual variation of these indices, the cost of quality regulation will also vary. In this paper with regard to reclosing fault in distribution network, we develop a risk-based method to assess the financial risks caused by quality regulation for DSOs. Furthermore, in order to take the stochastic behavior of the distribution network and quality indices variations into account, time-sequential Monte Carlo simulation method is used. Using the proposed risk method, the effect of taking reclosing time into account will be examined on system quality indicators and the cost of quality regulation in Swedish rural reliability test system (SRRTS). The results show that taking reclosing fault into consideration, affects the system quality indicators, particularly annual average interruption frequency index of the system (SAIFI). Moreover taking reclosing fault into consideration also affects the quality regulations cost. Therefore, considering reclosing time provides a more realistic viewpoint about the financial risks arising from quality regulation for DSOs.
 Keywords
Distribution systems;Quality regulation;Monte carlo simulation;Reclosing time;Risk assessment;Distribution system operators;
 Language
English
 Cited by
1.
Performance-based contracting: a literature review and future research directions, International Journal of Production Research, 2015, 53, 12, 3505  crossref(new windwow)
 References
1.
V. Ajodhia, R. Hakvoort, Economic regulation of quality in electricity distribution networks, Utilities Policy, 13 (2005) 211-221. crossref(new window)

2.
K. Alvehag, L. Soder, Risk-based method for distribution system reliability investment decisions under performance-based regulation, IET Generation, Transmission & Distribution, 5 (2011) 1062-1072. crossref(new window)

3.
T. Solver, L. Soder, Analysis of distribution reliability in performance-based regulation, in: International Conference on Probabilistic Methods Applied to Power Systems, 2004, pp. 82-87.

4.
Council of European Energy Regulators (CEER), Third benchmarking report on quality of electricity supply. Council of European Energy Regulators, 2005.

5.
E. Fumagalli, L. Schiavo, F. Delestre, Service Quality Regulation in Electricity Distribution and Retail, Springer, 2007.

6.
K. Alvehag, L. Soder, Financial risk assessment for distribution system operators regulated by quality regulation, in: IEEE 11th International Conference on Probabilistic Methods Applied to Power Systems (PMAPS), 2010, pp. 475-480.

7.
C. Marantes, G. Strbac, R. Allan, Sequential Monte Carlo Simulation Assessment of the Quality of Supply in Distribution Networks, in: International Conference on Probabilistic Methods Applied to Power Systems (PMAPS), 2006, pp. 1-6.

8.
R.O.Y. Billinton, Z. Pan, Incorporating Reliability Index Probability Distributions in Financial Risk Assessment with Performance Based Regulation, Electric Power Components and Systems, 33 (2005) 685-697. crossref(new window)

9.
T. Gomez, J. Rivier, Distribution and power quality regulation under electricity competition. A comparative study, in: Ninth International Conference on Harmonics and Quality of Power. Proceedings, 2000, pp. 462-468

10.
A. Ter-Martirosyan, The effect of incentive regulation on quality service in electricity markets, working paper, Department of Economics, George Washington University, (2003).

11.
V. Ajodhia, Regulating beyond price - integrate price-quality regulation for electricity distribution networks, PhD thesis, Delft University, 2005.

12.
M.S. Modarresi, M. Fotuhi-Firuzabad, H. Mohammadnezhad-Shourkaei, Impacts of service quality regulation on distribution automation investment, in: IEEE International Energy Conference and Exhibition (EnergyCon), 2010, pp. 373-378.

13.
J. Rivier, T. Gomez, Critical analysis of Spanish power quality regulation design, in: Market Design Conference, Stockholm, Sweden 2003.

14.
F.H. Knigh, Risk, Uncertainty, and Profit, Sentry Press, New York, 1921.

15.
I. 60300-3-9, Dependability management - Part 3: Application guide in: Section9: Risk analysis of technological systems, 1995.

16.
D.E. Nordgard, K. Sand, I. Wangesteen, Risk assessment methods applied to electricity distribution system asset management, in: European Safety and Reliability, ESREL, Rhodes, Greece, 2010, pp. 429-436

17.
R. Billiton, W. Li, Reliability Assessment of Electric Power Systems Using Monte Carlo Methods, Plenum, New York 1994.

18.
M. Rausand, A. Hoyland, System Reliability Theory: Models, Statistical, Methods, and Applications, John Wiley & Sons 2004.

19.
A. J. McNeil, R. Frey, P. Embrechts, Quantities Risk Management, Princeton University Press, Princeton 2005.

20.
I.P.S.R. Committee, Automatic Reclosing of Transmission Lines, IEEE Transactions on Power Apparatus and Systems, PAS-103 (1984) 234-245. crossref(new window)

21.
Y. Yuan, B. Zhang, Q. Wu, A method for capturing optimal reclosing time of transient fault, in: Proc. of Power System Technology. (POWERCON), 1998, pp. 1138-1142

22.
M.J. Ueda, K. Alvehag, Representative test systems for Swedish distribution networks, in: The 20th International Conference and Exhibition on Electricity Distribution - Part 2, CIRED, 2009, pp. 1-1.

23.
Elforskhttp://www.elforsk-marketdesign.net/sv/index.php/projects/projects/test_grids/, Retrieved on January 2009,

24.
R.N. Allan, R. Billinton, I. Sjarief, L. Goel, K.S. So, A reliability test system for educational purposes-basic distribution system data and results, IEEE Transactions on Power Systems, 6 (1991) 813-820. crossref(new window)