Equivalent energy function approach to power system probabilistic modeling

A new approach, the Equivalent Energy Function (EEF) Method for power system probabilistic modeling is presented in this paper. The method Completes Convolution and deconvolution by imploying electrio energy directly so that probabilistic modeling is considerably simplified. The EEF method is not only more efficient than any other method available in the area, but also more flexible in treating assigned energy units. An approximate deconvolution algorithm and a LOLP formula are also given which enable the carrying out a probabilistic modeling to be even faster. Numerical examples demonstrate that the algorithm presented in the paper is simple, efficient and more accurate.