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Electricity transmission reliability: the impact of reliability criteria

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  • Marten Ovaere
  • Stef Proost

Abstract

In the presence of transmission outages, uncertain demand and variable renewable supply, network operators keep a reliability margin to avoid interruptions and black-outs. The reliability margin is presently determined by the N-1 reliability criterion. Our analytical model defines the optimal reliability margin by balancing congestion costs and interruption costs. This leads to new operational reliability margins and new transmission investment rules that are superior to the N-1 criterion. A numerical illustration shows under what conditions the new rules dominate the N-1 criterion.

Suggested Citation

  • Marten Ovaere & Stef Proost, 2016. "Electricity transmission reliability: the impact of reliability criteria," Working Papers of Department of Economics, Leuven 551144, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.
    • Handle: RePEc:ete:ceswps:551144
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    File URL: https://lirias.kuleuven.be/retrieve/404471
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    Cited by:

    1. Fridrik M. Baldursson, Ewa Lazarczyk, Marten Ovaere, and Stef Proost, 2018. "Cross-Border Exchange and Sharing of Generation Reserve Capacity," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).

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