Abstract

The electrical grid is a vital component of modern society that requires significant and cost-effective investments to ensure its reliability. The dynamic thermal rating system (DTR) and network topology optimization (NTO) aim to increase the capacity of existing networks and provide flexible options for enhancing power system reliability. The co-optimization framework for generation unit commitment and network switching is formulated with for N-1 reliability, a gap that has not been previously addressed. This is important as it ensures: (1) economic efficiency in power system despatch, (2) optimal operation of both generation and transmission systems, and (3) power grid operation that can withstand the loss of any single component without causing a cascading failure. The reliability impacts of these new proposed operating strategies are also tested on complex, large-scale power systems under long-term, multi-area weather conditions. This proposed work is useful for power system planners, as it helps them identify ways to improve the reliability and efficiency of power systems under various weather conditions. This paper shows that using the DTR-NTO combination improves EENS by 50% in both test cases compared to the original condition. Additionally, it also makes the reliability assessment more realistic when taking into account multi-area weather conditions.

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