Reliability and Forced Outages: Survival Analysis with Recurrent Events
Karl Robert Jandoc and
Miah Maye Pormon
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Karl Robert Jandoc: School of Economics, University of the Philippines
Miah Maye Pormon: University of the Philippines
No 202303, Department of Economics, Ateneo de Manila University, Working Paper Series from Department of Economics, Ateneo de Manila University
This paper empirically investigates the contributory factors to forced outage declarations of power plants through a survival analysis model with recurring events. Using plant-level data in the Philippines, we find that higher reserve margins, higher share capacity (a measure of concentration) and the number of planned outages and days since the last maintenance (preventive maintenance indicators) reduce the risk of forced outages. On the other hand, an increase in the use rate (a measure of the intensity of power plant utilization), and geothermal, solar and biodiesel plants correlate positively to more forced outages. Focusing on episodes where outages were disproportionately higher in the past decadeâ€” we find that thinning reserve margin correlates significantly to forced outage incidence. This may indicate potential tacit coordination among generators to withhold capacity in the short run.
Keywords: forced outage; survival analysis; recurring events; Philippines (search for similar items in EconPapers)
JEL-codes: K32 N75 Q41 Q48 (search for similar items in EconPapers)
Pages: 30 pages
New Economics Papers: this item is included in nep-ene and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:agy:dpaper:202303
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