Technical Risk Management in the Process of Planning Distribution Grid Development

Abstract

Risk management requires quantification of threats in terms of the probability of the threat occurring, and consequences resulting from the critical occurrences. The greatest threat is posed by the events with a high probability and at least major consequences, as well as events with considerable consequences and at least major probability. In this context, risk management involves undertaking steps aimed at lowering the probability of threatening occurrences and/or minimisation of potential consequences. In the case of risk management related to HV grid development, the most important threat is grid overloads.