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Glossery Of Terms

Victoria Dam (Sri Lanka)

Reliability criteria for expansion planning
Power system expansion planning
Quantitative targets such as loss of load expectation or maximum expected unserved energy that expansion plans must satisfy.
Reliability criteria translate policy requirements for security of supply into measures that can be imposed on models. Examples include limits on expected unserved energy, loss of load expectation (LOLE) or frequency of shortages. Expansion plans generated by tools such as CAPRICORN must meet these criteria in addition to economic objectives.
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Water Resource & Hydro-Thermal Power Systems Modelling - Optimization of Large-Scale Hydropower System Operations - Power Generation Optimisation