Scenario selection in composite reliability assessment of deregulated power systems

The power market analysis produces a large number of power market scenarios, and to include all these scenarios in a reliability assessment results in excessive computation time. The scenario selection method is presented and discussed. Scenario selection is used to pick out a subset of the generated power market scenarios, to only use this subset of scenarios as a basis for the reliability assessment. The paper provides some general guidelines for application of the scenario selection method. It is shown that the scenario selection method can reduce the scenario set by about 90%, with little loss of accuracy in the reliability assessment.