An Overview on Reliability Analysis and Evaluation Methods Applied to Smart Grids

Abstract

The reliability can be defined as to carry out predefined requirements in a predefined duration. The importance of reliability analysis increases day by day as the customers become more conscious about a product or service which they buy. The application area of reliability analysis is very wide. Any product\ system or service including smart grids can be subject of the reliability analysis. As power system technology and computer science improving, the concept of smart grids begins to take part in our lives. Therefore, it is very essential to make reliability analysis for smart grids. In this paper, reliability analysis methods applied to smart grids are focused on and the classifications in reliability analysis have been explained. Besides, distribution networks reliability concept and different methods such as simulation and analytical approaches to assess the reliability have been introduced. The applications of these methods on smart grids are well explained. In addition to these, smart grids and conventional grid is compared. Different approaches such as tree analysis, failure mode effect analysis, Markov process and Monte Carlo simulation methods are carried out with wind turbines.