Abstract
This chapter introduces a new methodology for selecting an optimal probabilistic reliability criterion in the transmission expansion planning (TEP) in the perspective of the adequacy of power system energy delivery. The primary function of an electric power system is to provide electrical energy to its customers as economically as possible and with an acceptable degree of continuity and quality. As a methodology for deciding the optimal reliability criteria in TEP, a probabilistic reliability index, Loss of Load Expectation, is used. The grid expansion planning using optimal bus probabilistic reliability criteria will become important in the competitive electricity market with an open power system grid. The chapter discusses a methodology to decide the deterministic optimal reliability criteria for composite power system expansion planning. The indices of the composite power system can be classified in terms of load point indices and bulk system indices according to the objective of the evaluation.
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