Probabilistic Assessment of Financial Losses due to Interruptions and Voltage Sags—Part II: Practical Implementation

Abstract

The second part of this paper presents a practical implementation and application of the methodology for the stochastic assessment of the annual financial losses due to interruptions and voltage sags discussed in the first part of this paper. The costs of interruptions and voltage sags are determined separately and then combined in order to estimate the total financial losses in the network. The methodology is illustrated on a generic realistic distribution network with all relevant network components modeled appropriately. Finally, different network topologies are compared taking into account total financial losses in the network. It is shown that the inclusion of the financial losses due to voltage sags that may account for up to about 20% of the interruption costs may alter the network topology ranking.