Concept and Requirements of Asset Management System fro Competitive Electric Utility Under Deregulation

This paper describes the concept, philosophy and methods required for improvement of asset management under conditions of competitive electric energy supply, and presents state-of-the-art of highly integrated planning, operations and management systems. This paper suggests a framework to clarify the interactions among various economic and engineering issues in terms of practical master database. Blackouts caused by human error require compensation. Employee education and training is important for enhancement of intelligent assets. Practical measures are also presented to deal with these issues.