Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System

Musa Partahi Marbun; Herian Atma; Anindita Satria Surya; Ira Savitri

doi:10.1109/ICHVEPS58902.2023.10257513

Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System

Musa Partahi Marbun^*, Herian Atma, Anindita Satria Surya, Ira Savitri

^*Corresponding author for this work

Integrated Research on Energy, Environment and Society (IREES)

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

3 Citations (Scopus)

195 Downloads (Pure)

Abstract

Jawa-Madura-Bali (JMB) electric power system is the largest electric power system in Indonesia, consuming more than 75% of the total power demand across the country. Therefore, most of the electric consumers in this region expect higher reliability than other areas in Indonesia. However, the national government applies a flat and uniform electrical tariff to the consumers. To justify any investment that satisfies higher reliability expectations, an indicator that defines reliability and financial measure is needed, namely the Value of Lost Load (VoLL). The calculation of VoLL has been conducted through different approaches and methods. This paper compares the approaches and methods of VoLL considering the availability of data and its role to justify the economic feasibility of new investments. The final recommendation for VoLL calculation was conducted on JMB electric power system using the Monte-Carlo approach to satisfy several uncertainty parameters.

Original language	English
Title of host publication	4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023
Subtitle of host publication	Proceedings of 2023
Publisher	Institute of Electrical and Electronics Engineers Inc.
Pages	471-475
Number of pages	5
ISBN (Electronic)	9798350318678
DOIs	https://doi.org/10.1109/ICHVEPS58902.2023.10257513
Publication status	Published - 26-Sept-2023
Event	4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023 - Denpasar Bali, Indonesia Duration: 6-Aug-2023 → 10-Aug-2023

Conference

Conference	4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023
Country/Territory	Indonesia
City	Denpasar Bali
Period	06/08/2023 → 10/08/2023

Keywords

benefit
economic feasibility
monte-carlo
reliability
value of lost load

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10.1109/ICHVEPS58902.2023.10257513

Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali SystemFinal publisher's version, 449 KBLicence: Unspecified

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Marbun, M. P., Atma, H., Surya, A. S., & Savitri, I. (2023). Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System. In 4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023: Proceedings of 2023 (pp. 471-475). Institute of Electrical and Electronics Engineers Inc.. https://doi.org/10.1109/ICHVEPS58902.2023.10257513

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title = "Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System",

abstract = "Jawa-Madura-Bali (JMB) electric power system is the largest electric power system in Indonesia, consuming more than 75\% of the total power demand across the country. Therefore, most of the electric consumers in this region expect higher reliability than other areas in Indonesia. However, the national government applies a flat and uniform electrical tariff to the consumers. To justify any investment that satisfies higher reliability expectations, an indicator that defines reliability and financial measure is needed, namely the Value of Lost Load (VoLL). The calculation of VoLL has been conducted through different approaches and methods. This paper compares the approaches and methods of VoLL considering the availability of data and its role to justify the economic feasibility of new investments. The final recommendation for VoLL calculation was conducted on JMB electric power system using the Monte-Carlo approach to satisfy several uncertainty parameters.",

keywords = "benefit, economic feasibility, monte-carlo, reliability, value of lost load",

author = "Marbun, \{Musa Partahi\} and Herian Atma and Surya, \{Anindita Satria\} and Ira Savitri",

note = "Publisher Copyright: {\textcopyright} 2023 IEEE.; 4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023 ; Conference date: 06-08-2023 Through 10-08-2023",

year = "2023",

month = sep,

day = "26",

doi = "10.1109/ICHVEPS58902.2023.10257513",

language = "English",

pages = "471--475",

booktitle = "4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023",

publisher = "Institute of Electrical and Electronics Engineers Inc.",

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Marbun, MP, Atma, H, Surya, AS & Savitri, I 2023, Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System. in 4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023: Proceedings of 2023. Institute of Electrical and Electronics Engineers Inc., pp. 471-475, 4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023, Denpasar Bali, Indonesia, 06/08/2023. https://doi.org/10.1109/ICHVEPS58902.2023.10257513

Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System. / Marbun, Musa Partahi; Atma, Herian; Surya, Anindita Satria et al.
4th International Conference on High Voltage Engineering and Power Systems, ICHVEPS 2023: Proceedings of 2023. Institute of Electrical and Electronics Engineers Inc., 2023. p. 471-475.

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

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AU - Savitri, Ira

PY - 2023/9/26

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Study of Stochastic Approach to Determine Value of Lost Load in Jawa-Madura-Bali System

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