Abstract
A novel approach for the construction of the equivalent two-state models for base load generating units with derated states is suggested in order to reduce the computational burden in composite power system reliability (adequacy) evaluation. The proposed equivalent is conceived in such a way to preserve the invariance of the failure probability of the generation system taken alone, under assumption that the network effects upon the generating units models are slight and can be ignored. The equivalent model suggested has been successfully tested and compared with the EFOR based model for the IEEE RT System.
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