An Emerging Framework for the Probabilistic Cost- Benefit Analysis of the Reliability, Resiliency, and Adaptability of Electric Power Systems

Frank Felder and Marie Petitet
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Marie Petitet: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: Probabilistic cost-benefit analyses of the reliability, resiliency, and adaptability of electric power systems can inform policymakers on how to efficiently reduce the frequency, magnitude, duration, and costs of power outages; how to cost-effectively improve the integration of variable and intermittent renewables; and how to enhance equitable outcomes. The elements needed for these analyses are available, and the computations are reasonably tractable due to the rapid improvements in the computational ability to conduct tens of thousands of detailed power system simulations quickly.

Keywords: Battery storage; Benefits of electricity trade; Business models; Climate change (search for similar items in EconPapers)
Pages: 28
Date: 2024-07-07
New Economics Papers: this item is included in nep-ene and nep-inv
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https://www.kapsarc.org/research/publications/an-e ... ctric-power-systems/ First version, 2024

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks--2024-dp19

DOI: 10.30573/KS--2024-DP19

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