Abstract

This study presents a comprehensive procedure for evaluating the reliability indices incorporating reduction in interruption cost, and to relate reliability investments with customer’s benefits. An analytical algorithm is used to obtain the final optimal operational solution by determining unit commitment for each generating unit to reach the maximum profit (minimizing cost) subjected to operational constraints. The paper describes a method based on the complementing short-term planning with long-term planning take into account the cost benefit approach. The proposed method has been demonstrated on the RBTS to show the feasibility and the economic effect of the proposed method, and was applied to the Jordanian Electric Power System (JEPS) to show its application capability.

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