Modeling the reliability of large thermal power plants in an integrated grid and market model

An existing integrated grid and m European power supply is extended by a mode of large thermal power plants. Based on a operating characteristics that are partly stoc determinate a stochastic model with eight state simulate the stochastic state transitions probab are derived from operating charts of real powe probability distributions are not representative thermal power plants, they are adjusted statistical data of the European technical asso and heat generation VGB PowerTech. To so model a Monte Carlo simulation is used. The co of the market model with implemented reliabi clear increase in the annual average electricity results where unavailability is not considered. With implemented reliability model the annual average electricity prize increases by 10.4 percent.