Risk based asset management of electrical distribution network

The paper presents methodological approach for asset management of electric distribution company through a policy, built upon the Risk based asset management. Here are shown the indicators by which the reliability of a distribution network is estimated and consequent cost of failure of equipment and missed benefits are determined. Using the described methodology the distribution companies could perform: qualitative and quantitative assessment of the risk, determination of measures to reduce the risk, and asset management based on the wise policy of the maximum acceptable risk.