Review of Risk Analysis and Management Method in Power System Risk Assessment

Abstract

From one generation to one generation of electric power getting to be increasingly complex and cleverly these days, the instability of components failure was expanded increasingly and challenged to the risk analysis and management method of the power system. The risk analysis and management method has played as an important key to power system risk assessment for nearly half a century. The paper concerns the review of risk analysis and management Method in Power System Risk Assessment. Based on statistical data from more than one thousand failures in the power system that affected the Electricity of Siem Reap utility’s in the last five years. The analysis was carried out regarding the number of people affected by the power outage, failure causes, interruption duration. The paper also describes the risk impact numerical measure, risk analysis method used in the individual stage of risk analysis. This paper aims to uncover the risk analysis and management methods to researchers and engineers used.