SECTORAL OUTAGE COST ESTIMATION USING AN EMERGENCY ACTION STRATEGY FOR RELIABILITY OPTIMIZATION STUDIES

This paper presents an alternative approach to estimate consumer outag e costs by incorporating an emergency action strategy for several leve ls of reliability. The probabilistic framework of the frequency and du ration method is used in conjunction with emergency actions to calcula te the outage costs of various consumer sectors. The use of an emergen cy action strategy plays a significant role in curtailing consumer out age costs due to an unreliable supply of electricity. The methodology presented will be used mainly in reliability optimization studies in g eneration expansion planning. The frequency and duration of emergency actions and the consumer outage cost results for several levels of rel iability for generation expansion plans based on the IEEE Reliability Test System data set are presented.