TY - CONF A1 - Rajanarayan Prusty, B. A1 - Mohan Krishna, S. A1 - Bingi, K. A1 - Gupta, N. UR - https://www.scopus.com/inward/record.uri?eid=2-s2.0-85166364371&doi=10.1109%2fICAIA57370.2023.10169796&partnerID=40&md5=bafd32d6fc448f7ab14dae285de9e311 PB - Institute of Electrical and Electronics Engineers Inc. SN - 9781665456272 Y1 - 2023/// ID - scholars19180 TI - Risk-Based Reliability Assessment of Modern Power Systems using Machine Learning and Probability Theory KW - Electric load flow; Intelligent systems; Machine learning; Monte Carlo methods; Reliability analysis; Reliability theory KW - Learning Theory; Machine-learning; Over-limit probability; Photovoltaics generations; Power; Power systems reliability; Reliability assessments; Risk-based; Risks assessments; Severity KW - Risk assessment N2 - Risk-based reliability assessment is prevalent for modern power systems under higher penetration of renewable generations. This paper highlights the importance of machine learning and probabilistic approaches for risk-based reliability assessment during power system operation and planning. A set of metrics for realistic risk-based reliability assessment considering over-limit probabilities and corresponding severities is suggested. Probabilistic load flow using Monte-Carlo simulation is used to estimate the over-limit probabilities of power system variables. A detailed presentation of steps for the generation of random samples of a set of correlated random variables, development of realistic risk metrics, and portrayal of their significances via critical result analyses for different cases is expected to serve as a reference text for novice researchers in the field of risk-based reliability assessment of modern power systems integrated with photovoltaic generations. © 2023 IEEE. N1 - cited By 0; Conference of 2023 International Conference on Artificial Intelligence and Applications, ICAIA 2023 and Alliance Technology Conference, ATCON-1 2023 ; Conference Date: 21 April 2023 Through 22 April 2023; Conference Code:190534 AV - none ER -