NERC's risk assessment of reliability performance

Risk assessment‐based long‐term transmission system hardening under prior probabilistic information

“…Herein, the risk assessment (RA), considering both severity and probability, has been cast as an effective index to evaluate the contingencies in terms of reliability [26]. For example, NERC is developing the risk information-based system planning strategy for bulk power systems [27]. Thus, the contingency with a high risk (i.e.…”