 Improving the estimated cost of sustained power interruptions to electricity customersKristina Hamachi LaCommare, Joseph H. Eto, Laurel N. Dunn and Michael D. Sohn Energy, 2018, vol. 153, issue C, 1038-1047 Abstract: Electricity reliability and resiliency have become a topic of heightened interest in recent years in the United States. As utilities, regulators, and policymakers determine how to achieve optimal levels of electricity reliability while considering how best to prepare for future disruptions in power, the related issue of how much it costs when customers lose power remains a largely unanswered question. In 2006, Lawrence Berkeley National Laboratory developed an end-use based framework that estimates the cost of power interruptions in the U.S that has served as a foundational paper using the best available, yet far from perfect, information at that time. Since then, an abundance of work has been done to improve the quality and availability of information that now allow us to make a much more robust assessment of the cost of power interruptions to U.S. customers. In this work, we find that the total U.S. cost of sustained power interruptions is $44 billion per year (2015-$) −25% more than the $26 billion per year in 2002-$ (or $35 billion per year in 2015-$) estimated in our 2006 study. Keywords: Electricity reliability; Resiliency; Power interruptions; Reliability; Value of reliability (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:153:y:2018:i:c:p:1038-1047 DOI: 10.1016/j.energy.2018.04.082 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.