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This paper presents an innovative approach to reserve adequacy and reliability assessment in bulk electricity systems based on the widely accepted international standards and guidelines. In the presented approach, the electricity reserve associated with a particular operating bulk area is modeled as a random function of three key random operating variables, namely the area generation capacity, the consumer demand, and the area in/out tie-line transfer capacity. The approach followed in thisdoi:10.5281/zenodo.47047 fatcat:rkv4fu5cprcsxf445sgxjklqeq