A Methodological Framework for Strategic Electricity Generation Planning in India: Assessing Resource Adequacy Through Probability Risk Metrics
This study discusses a methodological framework in conjunction with the existing probability-based risk metrics for assessing the resource adequacy of the electricity generation mix, considering the generation capacities of different sources, their average availability levels, and the possible outages that these sources may suffer from. The simulations show that the available capacity decreases with an increasing number of discrete risk events, which limits the capability of the power system to meet the demand.