Stochastic Model for Preventing Blackouts: A Live Case

Power system blackouts cause huge financial losses for the society and power utilities. Two types of blackouts have been identified. One involving load loss due to transmission lines reaching its limits and other involving failures of multiple transmission lines. Technologically advanced electricity transmission networks work in a financially just manner if a high rate of availability of the transmission networks is accomplished. Keeping this concept in mind, it is imperative to conduct the examination of transmission network availability, to design reliable electrical systems. This article discusses the stochastic availability modeling and analysis in transmission lines. The same is applied to a case of GED and the results obtained are discussed with the proper conclusion.