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Expected Load Loss and Investment Cost of Four Power Plants Reliability Study Investigation

The electric power systems are studied to reach a reliable system. Reaching a reliable system of different cases for the power system units under study is considered as a target of the present research. In the present study, four multi-power units are considered with different rates of capacity, different forced outage rate values, and different numbers of power units. The binomial distribution is applied to the selected power units, where the probabilities are calculated and after that, the expected load loss (ELL) is determined for the four selected power plants. Out of the obtained results, the most reliable power plant is found and recorded based on the priority. In addition, the developed models for the four power plants considered are found using the curve fitting technique based on the output results. The corresponding electric power units were determined based on the priority of expected load loss results when compared together. The present model's expected load loss is providing a practical tool for quantitative analysis of power plant units. Finally, the investment cost is calculated for the same power plants.