Risk-Based Framework (RBF) for a UK Pan-European Supergrid

Mehran Eskandari Torbaghan, Michael P.N. Burrow, Dexter V.L. Hunt and Marwa Elcheikh

Energy, 2017, vol. 124, issue C, 124-132

Abstract: Interconnected electricity networks, or Supergrids, are considered as a possible solution to tackle challenges associated with near and far-future supply of electricity. These include, but are not limited to, reducing Green House Gas emissions and reliance on non-renewable fossil fuels. Supergrids can help to tackle these challenges, for example, by providing a reliable interconnection platform for wider application (and development) of renewable technologies. However, there is a range of risks and uncertainties associated with selecting appropriate interconnections. Heretofore these have been a hindrance to developing interconnections and therefore a Risk-Based Framework (RBF) which addresses these risks and uncertainties could encourage the wider uptake of Supergrids.

Keywords: Interconnections; Risk assessment; Quantitative risk analysis; Trading electricity; Supergrid; Whole life appraisal (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:124:y:2017:i:c:p:124-132

DOI: 10.1016/j.energy.2017.02.058

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