A MONTE-CARLO TECHNIQUE FOR COMPUTING THE BENEFITS ARISING FROM THE INTERCONNECTION OF POWER-SYSTEMS

Interconnections between power systems can provide improved levels of reliability, leading to opportunities for reductions in the installed generating capacity of each system. This paper is concerned with the e valuation of these reliability improvements, and in particular, using them as a basis for allocating the costs of both interconnections and generating plant to the individual systems. A number of factors which affect the reliability improvements are identified and a computer prog ram that allows these benefits to be determined efficiently is describ ed. The discussion is illustrated-by examples drawn from existing and possible future power system configurations in Australia.