This paper proposed a flexibility assessment approach
based on and risk assessment methodology. System planners prioritize each
planning scheme with consideration of three aspects: reliability, economics,
and flexibility. In the past, there is lack of quantitative indices to measure
flexibility of a power system. This paper proposes applying probabilistic risk
assessment method to quantify system flexibility. The proposed approach is
demonstrated to compare two transmission planning schemes during Guangdong expansion
Cite this paper
B. Zhou, P. Zhang, J. Chen, X. Jin, K. Hou, M. Niu, Z. Xu and Y. Lei, "Application of Risk-based Flexibility Assessment Methods to Evaluate System Expansion Plans," Energy and Power Engineering, Vol. 5 No. 4, 2013, pp. 1022-1025. doi: 10.4236/epe.2013.54B195.
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