Digital computer algorithm using Monte Carlo simulation in generating capacity adequacy assessment (state duration sampling technique)

Abstract

Quantitative assessment of generating capacity adequacy is one of the basis procedures used in power system reliability studies. This assessment is usually done using analytical techniques. It can, however, be performed using Monte Carlo simulation, which can include important additional parameters not available in the analytical approaches. The paper presents an algorithm for generating capacity adequacy study for the reliability test system IEEE RTS, based on Monte Carlo simulation.