Integration of asset management and smart grid with intelligent grid management system

Electric power transmission and distribution (T and D) systems are composed of a great deal of aged apparatus, which may cause a decrease in reliability owing to their deterioration. In order to maintain high efficiency and high quality in T and D systems, the authors have proposed an "intelligent grid management system" (IGMS), which determines the optimum maintenance strategy and optimum power flow control based on condition monitoring and diagnostic results of the operating power apparatus. This means that the IGMS essentially includes both concepts of an asset management system and a smart grid. Further, the IGMS optimizes power flow routes and maintenance plans based on the failure risk, T and D loss, overload operation, life estimation of the power apparatus, customer outage, and other metrics. The impact of individual apparatus failure affects the entire T and D system's performance, causing blackouts and secondary failures. Reduction in reliability of whole system is highly dependent on ageing of the materials. The IGMS evaluates all of the events occurring in the T & D system as the cost. Additionally, the risks are evaluated in the cost according to the impact of the failure rate estimated by the condition monitoring diagnosis results of the power apparatus. Insulation system determines the transition in reliability and maintenance cost of the system. In this paper, the IGMS is applied to T and D system models including aged apparatus, such as transformers and circuit breakers, and suitable power flow routes and maintenance strategies are derived. Consequently, by the effective application of the IGMS, the system reliability can achieve an optimum state, and the total cost can be minimized.