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Utilizing reliability indices to study generation adequacy

In this paper, Southwest Power Pool's (SPP) experience in analyzing generation adequacy is presented. This analysis is conducted by examining a common reliability index, Loss of Load Expectation (LOLE). The SPP system performance was gauged against the popular industry standard of one day in ten years. SPP's interpretation of this standard and its relevance is discussed along with the results of the study. This analysis was conducted using ABB GridView, a production costing tool with functionality to analyze LOLE for 8,760 hours using Monte Carlo Simulation.