Power systems comprise different electrical, electronic, electromechanical and electrochemical components. Adequacy, security, resilience and reliability represent essential requirements for grids functioning mode. The evaluation of such aspects can constitute a delicate task in the presence of heterogeneous components. Focusing on reliability assessment, several Reliability Prediction Models are available. They are suitably applied according to the type of component under evaluation. The lack of homogeneity of these models forbids the comparison of performance and identification of unreliable systems and grid section. This paper aims to face the mentioned issue proposing a unique reliability assessment methodology able to characterize different equipment connected to radial/meshed/ring grids and subjected to different stressing and ageing factors. It is customized for electrical lines, transformers, circuit breakers, converters and renewables plants. Component and systemic key indices are calculated. Furthermore, a novel “load feeding reliability“ indicator is evaluated for providing information about the supply reliability of a specific load. This index is meaningful for the identification of unreliable grids, microgrids and systems. Such an approach can contribute to improve power systems design, planning and control. The proposed method is integrated in a software application implemented for grid reliability assessment. The obtained results are reported for an urban grid including an underground transportation area.