Document Type: Research Paper
Deregulation policy has caused some changes in the concepts of power system reliability assessment. This paper deals with generation reliability evaluation in perfect competition power market using market economic concepts and its dynamic. Also, because of power markets and generators’ forced outages stochastic behavior, Monte Carlo Simulation (MCS) is used in this research. Generation reliability merely focuses on interaction between generation complex and load, and it’s supposed that transmission and distribution systems are reliable. Therefore, this paper using perfect competition market subjects and demand-offer curves interaction, deals with generation reliability evaluation. The proposed method is assessed on IEEE-Reliability Test System (IEEE-RTS), and reliability indices are evaluated with various parameters.