Probabilistic Estimation of Distribution Network Performance With Respect to Voltage Sags and Interruptions Considering Network Protection Setting—Part II: Economic Assessment

Significant financial losses due to voltage sags, short duration interruptions (SDIs), and long duration interruptions (LDIs) have been reported over the past years. The methods proposed in the literature allow us to estimate the annual indices related to process trips, though, as they are confined to voltage sags and LDIs, they do not take into account SDIs. This paper proposes to estimate annual financial losses related to process trip (FLPT) for each customer in the distribution system. The methodology correlates the attempts of reclosers to clear nonpermanent faults along with the concept of process immunity time in order to separately estimate the annual FLPT due to voltage sags, SDIs, and LDIs. This division allows the utility to quantify the severity of each of them and identify geographic areas where mitigation solutions should be deployed to avoid customer complaints and penalties by regulatory agencies.