This paper proposes a method to evaluate the reliability of power system with different\ncapacities of wind power while considering carbon tax. The proposed method\nis a hybrid approach which combines Frequency and Duration (F&D) method\nand Monte Carlo Simulation (MCS) method. MCS method is used to achieve a model\nto simulate the random status of power system. Also, the proposed method is applied\non the IEEE 14-bus test system to investigate the effects of integrating different\ncapacities of wind energy to the reliability of power system with considering carbon\ntax.
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