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Glossery Of Terms

Victoria Dam (Sri Lanka)

Reliability target
Reliability and risk
Specified level of reliability, expressed using indices such as LOLE or EUE, that a system or plan must meet.
A reliability target translates policy requirements for security of supply into quantitative criteria that can be applied in models. Examples include LOLE not exceeding a set number of hours per year, EUE below a specified percentage of demand or a minimum planning reserve margin. These targets guide both expansion and operational decision making.
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