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As a direct consequence of power systems restructuring on one hand and unprecedented renewable energy utilization on the other, the uncertainties of power systems are getting more and more attention. This fact intensifies the difficulty of decision making in the power system context; therefore, the uncertainty analysis of the system performance seems necessary. Generally, uncertainties in any engineering system study can be represented probabilistically or possibilistically. When sufficient historical data of the system variables is not available, a probability density function (PDF) might not be defined, they must be represented in another manner i.e. using possibilistic theory. When some... 

The reliable design, planning, and operation of power systems are of paramount importance for providing reliable services to customers. This article reviews the different aspects of power system reliability, ranging from planning to operation. Standard benchmarks employed for power system studies are reviewed according to nearly 2,500 IEEE journal papers from 1986 to early 2019. Our overview provides the pros and cons of existing test systems, implying the lack of appropriate benchmarks for future power system studies, including renewable resources and modern technologies. Furthermore, this article presents requirements for updating and modifying the benchmarks for modern power systems... 

Providing more choices to customers for determining the cost of their required reliability levels is one of the most important targets of restructured power system. Centralized management of reliability in Vertically Integrated Utility (VIU) applying the same policies to different customers is replaced with decentralized management allowing customers to participate in reliability management based on their required reliability levels. Hence, the importance of implementing interruptible load contracts that specifies each customer's reliability level has been increased in power system studies. In this paper, stochastic programming based on Monte Carlo approach has been used to implement...