Keynote Speaker: Power System Reliability Aspects & Cost/Benefit Considerations

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This keynote speech has presented the fundamental concepts of power system reliability and cost/worth evaluation. The reliability indices used for assessing the system performance at the generation, composite generation, transmission, and distribution system levels will be presented. The talk will emphasize that there should be some benefit gained by an improvement in reliability, i.e., the incremental or marginal investment cost should be related to the customer’s incremental or marginal valuation of the improved reliability. Reliability cost vs. reliability worth (benefit) evaluation can enable utilities to make objective decisions about investments and maintenance for enhancing supply reliability. 


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  • Crystal Ballroom
  • Bayview Beach Resort
  • Batu Feringghi , Pulau Pinang
  • Malaysia 11100
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  Speakers

Prof. Dr. Lalit of Nanyang Technological University (NTU)

Topic:

Power System Reliability Aspects & Cost/Benefit Considerations

This keynotes speech shall present the fundamental concepts of power system reliability and cost/worth evaluation. The reliability indices used for assessing the system performance at the generation, composite generation and transmission and distribution system levels will be presented. The talk will emphasize that there should be some benefit gained by an improvement in reliability, i.e., the incremental or marginal investment cost should be related to the customer’s incremental or marginal valuation of the improved reliability. Reliability cost vs reliability worth (benefit) evaluation can enable utilities to make objective decisions about investments and maintenance for enhancing supply reliability. 

Biography:

Lalit Goel obtained his Bachelor’s Degree in Electrical Engineering from the Regional Engineering College, Warangal, India in 1983 and his MSc and PhD Degrees in Electrical Engineering from the University of Saskatchewan, Canada, in 1988 and 1991 respectively. He joined the School of EEE at the Nanyang Technological University (NTU), Singapore in 1991 where he is presently a Professor of Power Engineering.  

 

Address:Singapore