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Reliability Evaluation for Optimizing Electricity Supply in a Developing Country

Author(s): Mark Ndubuka NWOHU

Journal: Leonardo Electronic Journal of Practices and Technologies
ISSN 1583-1078

Volume: 6;
Issue: 11;
Start page: 91;
Date: 2007;
Original page

Keywords: System Reliability | Cost Models | Economic Analysis | Reliability Evaluation | System Security

The reliability standards for electricity supply in a developing country, like Nigeria, have to be determined on past engineering principles and practice. Because of the high demand of electrical power due to rapid development, industrialization and rural electrification; the economic, social and political climate in which the electric power supply industry now operates should be critically viewed to ensure that the production of electrical power should be augmented and remain uninterrupted. This paper presents an economic framework that can be used to optimize electric power system reliability. Finally the cost models are investigated to take into account the economic analysis of system reliability, which can be periodically updated to improve overall reliability of electric power system.