Hurricanes and extreme weather events can cause widespread damage and disruption to infrastructure services and consequently delay household and community recovery. A subset of data from a cross-sectional survey of 989 households in central and south Florida is used to examine the effects of Hurricane Irma on post-disaster recovery eight months after the landfall. Using logistic regression modeling, we find that physical damage to property, disruption of infrastructure services such as loss of electric power and cell phone/internet services and other factors (i.e., homeowner’s or renter’s insurance coverage, receiving disaster assistance and loss of income) are significant predictors of post-disaster recovery when controlling for age and race/ethnicity.
The problem of obtaining market-clearing prices for markets with non-convexities has been widely studied in the literature. This is particularly the case in electricity markets, where worldwide deregulation leads to markets in which non-convexities arise from the decisions of market operators regarding which generators are committed to provide electricity power. Here, we extend seminal results in this area to address the problem of obtaining market-clearing prices for markets in which beyond nonconvexities, it is relevant to account for convex quadratic market costs. In a general market, such costs arise from quadratic commodity costs or transactions costs. In an electricity market, such quadratic costs arise when ramping costs need to be considered due to the presence of renewable energy sources, which continue to increase their participation in electricity markets. To illustrate our results, we compute and analyze the clearing prices of a classical market problem with the addition of ramping costs.
Earlier research has shown that adding wind capacity to a network can lower the total annual operating cost of meeting a given pattern of loads by displacing conventional generation. At the same time, the variability of wind generation and the need for higher levels of reserve generating capacity to maintain reliability standards impose additional costs on the system that should not be ignored. The important implication for regulators is that the capacity payments ["missing money"] for each MW of peak system load is now much higher. Hence, the economic benefits to a network of using storage, controllable load and other mechanisms to reduce the peak system load will be higher with high penetrations of wind generation. These potential benefits are illustrated in a case study using a test network and a security constrained OPF with endogenous reserves (SuperOPF). The capabilities of the SuperOPF provide a consistent economic framework for evaluating Operating Reliability in real-time markets and System Adequacy for planning purposes. The scenarios considered make it possible to determine 1) the amount of conventional generating capacity needed to meet the peak system load and maintain System Adequacy, and the amount of wind dispatched, 2) total payments by customers in the Wholesale Market, and the amount of missing money paid to generators to maintain their Financial Adequacy, 3) changes in the congestion rents for transmission that are collected by the system operator, and finally, 4) the total annual system costs paid by customers directly in the Wholesale Market and, indirectly, as missing money. The results show that the benefits (i.e. the reduction in the total annual system costs) from making an investment in wind capacity and/of upgrading a tie line are very sensitive to 1) how much of the inherent variability of wind generation is mitigated, and 2) how the missing money paid to conventional generators is determined (e.g. comparing a regulated market with a deregulated market).
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.