The basic function of an electric power system is to supply its customers with electric energy as economically as possible and with a reasonable degree of continuity and quality. Power system reliability evaluation techniques are now highly developed through the work of many researchers and engineers. It is expected that the application of power system reliability evaluation in bulk power systems will continue to increase in the future especially in the newly deregulated power industry. This thesis presents research conducted on the three areas of incorporating multi-state generating unit models, evaluating system performance indices and identifying transmission deficiencies in composite system adequacy assessment. The research was done using a previously developed software package designated as MECORE. Many generating companies in both the traditionally regulated and newly deregulated electrical power industry have large generating units that can operate in one or more derated states. In this research work, load point and system reliability indices are evaluated using two-state and multi-state generating unit models to examine the impact of incorporating multi-state generating unit models in composite system adequacy assessment. The intention behind deregulation in the power industry is to increase competition in order to obtain better service quality and lower production costs. This research illustrates how Canadian power systems have performed in the past using data compiled by the Canadian Electricity Association. A procedure to predict similar indices is presented and used to estimate future performance and the effects of system modifications. The incentives for market participants to invest in new generation and transmission facilities are highly influenced by the market risk in a deregulation environment. An adequate transmission system is a key element in a dynamic competitive market. This thesis presents a procedure to identify transmission deficiencies in composite generation and transmission system. The research work illustrated in this thesis is focused on the application of probabilistic techniques in composite system adequacy assessment and particularly in the newly deregulated electric power industry. The conclusions and the techniques presented should prove valuable to those responsible for power system planning.

The basic function of an electric power system is to supply its customers with electric energy as economically as possible and with a reasonable degree of continuity and quality. Power system reliability evaluation techniques are now highly developed through the work of many researchers and engineers. It is expected that the application of power system reliability evaluation in bulk power systems will continue to increase in the future especially in the newly deregulated power industry. This thesis presents research conducted on the three areas of incorporating multi-state generating unit models, evaluating system performance indices and identifying transmission deficiencies in composite system adequacy assessment. The research was done using a previously developed software package designated as MECORE. Many generating companies in both the traditionally regulated and newly deregulated electrical power industry have large generating units that can operate in one or more derated states. In this research work, load point and system reliability indices are evaluated using two-state and multi-state generating unit models to examine the impact of incorporating multi-state generating unit models in composite system adequacy assessment. The intention behind deregulation in the power industry is to increase competition in order to obtain better service quality and lower production costs. This research illustrates how Canadian power systems have performed in the past using data compiled by the Canadian Electricity Association. A procedure to predict similar indices is presented and used to estimate future performance and the effects of system modifications. The incentives for market participants to invest in new generation and transmission facilities are highly influenced by the market risk in a deregulation environment. An adequate transmission system is a key element in a dynamic competitive market. This thesis presents a procedure to identify transmission deficiencies in composite generation and transmission system. The research work illustrated in this thesis is focused on the application of probabilistic techniques in composite system adequacy assessment and particularly in the newly deregulated electric power industry. The conclusions and the techniques presented should prove valuable to those responsible for power system planning.