Economic costs of electricity supply interruptions

Sanghvi, Arun P.

doi:10.1016/0140-9883(82)90017-2

Cited by 106 publications

(35 citation statements)

References 3 publications

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“…electricity customers. The consequences for electricity customers (material damage, costs) are not usually affected by the cause of the interruption and are contingent on how much they depend on electricity (Sanghvi, 1982) as well as how long they are being interrupted, which will be thoroughly explored later in the paper. The consequences are affected by the factors influencing the outage, which are inherent to each individual case.…”

Section: Characteristics Of Power Interruptions Technical and Systemimentioning

confidence: 99%

Value of Lost Load: An Efficient Economic Indicator for Power Supply Security? A Literature Review

2015

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Section: Characteristics Of Power Interruptions Technical and Systemimentioning

confidence: 99%

Value of Lost Load: An Efficient Economic Indicator for Power Supply Security? A Literature Review

2015

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“…In [15], Sanghvi pointed out that electricity service interruptions can be generally caused due to "malfunctions or inadequate generating, transmission, or distribution capacity (p.181)", and the economic costs are dependent on "time-of-occurrence, duration, magnitude, warning time, frequency, persistence, and coverage (p.181)." 4 Sanghvi investigated that several methodologies had been used to measure a household's economic cost of the outage, for examples, lost leisure as measured by the wage rate and survey of willingness-topay to avoid outage.…”

Section: The Economic Loss In Household Sectormentioning

confidence: 99%

Ex-ante Evaluation of Economic Costs from Power Grid Blackout in South Korea

Kim¹,

Jo²,

Koo³

2014

Journal of Electrical Engineering and Technology

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-South Korea is recently under serious situation in supplying electricity with enough power reserve. A single fault of power plant at a peak-load time may lead to a total blackout for whole area connected by a single electric grid and isolated from other grids. Despite of the seriousness of blackout, however, there are scarce studies with ex-ante analysis of the economic costs from blackout. In order to evocate the seriousness, we calculate the economic costs for both industrial and household sectors with using some survey data and statistical methodologies. As a result, total economic costs are 39.23 trillion KRW (35.83 trillion KRW for industrial sector, 3.40 trillion KRW for household sector).

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“…The interrelation between electricity dependence and duration of different activities is decisive in assessing substitution possibilities for households in case of outages. Most non-working time, except that spent sleeping, 21 For a discussion of some drawbacks of this model, see de Nooij et al (2007) or Sanghvi (1982). 22 Other approaches exist that estimate the value of leisure time.…”

Section: Value Of Lost Loadmentioning

confidence: 99%

The development of renewable energies and supply security: A trade-off analysis

Röpke

2013

Energy Policy

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. This paper analyzes the effects of the green transformation on the German electricity sector with respect to the energy-political triangle. It focuses on how the development of renewable energies will affect security of electricity supply. In a cost-benefit analysis, the value of supply security is compared with its costs of provision. More specifically, the benefits of maintaining the present quality of electricity supply are the avoided social damages from electricity outages and are compared with the respective investment costs in the low-and medium-voltage distribution grid. It is shown that the transformation process towards a green and decentralized production structure will be costly for society, even though the costs can be reduced by different measures. Terms of use: Documents in EconStor mayJEL Code: Q41, Q48, D61.

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Economic costs of electricity supply interruptions

Cited by 106 publications

References 3 publications

Value of Lost Load: An Efficient Economic Indicator for Power Supply Security? A Literature Review

Value of Lost Load: An Efficient Economic Indicator for Power Supply Security? A Literature Review

Ex-ante Evaluation of Economic Costs from Power Grid Blackout in South Korea

The development of renewable energies and supply security: A trade-off analysis

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