Proceedings ArticleDOI
A review on the theory of electric power reliability worth and customer interruption costs assessment techniques
Sinan Küfeoğlu,Matti Lehtonen +1 more
- pp 1-6
TLDR
In this article, a review summarizes the academic work done in the fields of worth of electric power reliability and customer interruption costs assessment techniques from the year 1990 to 2015, and concludes that there has been an increased attention by the researchers in the field of economic worth of electricity service reliability.Abstract:
As the society gets more dependent on continuous electricity supply, the impacts of disruptions in the service yield significant economic losses for all customer segments. There is crucial need for understanding the worth of reliability improvements in the power systems for planning purposes of the transmission and distribution systems. That is why, there has been an increased attention by the researchers in the field of economic worth of electricity service reliability. This review summarizes the academic work done in the fields of worth of electric power reliability and customer interruption costs assessment techniques from the year 1990 to 2015.read more
Citations
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Journal ArticleDOI
Virtual Inertia Control-Based Model Predictive Control for Microgrid Frequency Stabilization Considering High Renewable Energy Integration
TL;DR: In this paper, the authors proposed a new concept of a microgrid control incorporating a virtual inertia system based on the model predictive control (MPC) to emulate virtual inertia into the micro-grid control loop, thus stabilizing microgrid frequency during high penetration of renewable energy sources.
Journal ArticleDOI
A flexible framework for modeling customer damage functions for power outages
Sean Ericson,Lars Lisell +1 more
TL;DR: A flexible method for estimating the customer cost of a power outage by separating costs into categories depending on whether the cost varies with outage duration andWhether the cost is due to perishable inventory.
Journal ArticleDOI
Macroeconomic assessment of voltage sags
Sinan Küfeoğlu,Matti Lehtonen +1 more
TL;DR: In this article, the authors introduced a macroeconomic model to calculate Customer Voltage Sag Costs (CVSCs) for the industry sector customers, which makes use of analytical data such as value added, annual energy consumption, working hours, and average outage durations.
Proceedings ArticleDOI
Macro environmental analysis of the electric vehicle battery second use market
TL;DR: In this article, the authors evaluated the evolving B2U market from a macro environmental perspective to comprehend key opportunities and threats in the future, and proposed a business model for the second-use market.
Renewable-energy-based Single and Community Microgrids Integrated with Electricity Markets
TL;DR: Narayanan et al. as discussed by the authors investigated the long-term economic benefits obtained by Finnish residential customers who installed photovoltaic (PV)-BESS microgrid systems and participated in the Nordic electric power market.
References
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Journal ArticleDOI
A Review of WTA/WTP Studies
TL;DR: The authors found that the less the good is like an "ordinary market good, the higher is the ratio of willingness to accept (WTA) to willingness to pay (WTP).
Journal ArticleDOI
The relationship between GDP and electricity consumption in 10 Asian countries
TL;DR: In this article, the authors estimate the relationship between GDP and electricity consumption in 10 newly industrializing and developing Asian countries using both single data sets and panel data procedures, and the empirical results from single data set indicate that the causality directions in the 10 Asian countries are mixed while there is a uni-directional short-run causality running from economic growth to electricity consumption.
Journal ArticleDOI
The causal relationship between electricity consumption and economic growth in the ASEAN countries
TL;DR: In this paper, the causal relationship between electricity consumption and economic growth among the Association of South East Asian Nations (ASEAN) 4 members, namely Indonesia, Malaysia, Singapore, and Thailand, using modern time-series techniques for the period 1971-2002.
Journal ArticleDOI
Electricity consumption–real GDP causality nexus: Evidence from a bootstrapped causality test for 30 OECD countries
Paresh Kumar Narayan,Arti Prasad +1 more
TL;DR: In this article, the authors examine any causal effects between electricity consumption and real GDP for 30 OECD countries using a bootstrapped causality testing approach and unravel evidence in favour of electricity consumption causing real GDP in Australia, Iceland, Italy, the Slovak Republic, Czech Republic, Korea, Portugal, and the UK.
Journal ArticleDOI
Evaluation of reliability worth and value of lost load
K.K. Kariuki,R.N. Allan +1 more
TL;DR: In this article, the authors have conducted studies, based on customer surveys, aimed at assessing the customer outage costs (COG) due to electric service interruptions, and a consistent method for calculating the value of lost load (VOLL) is also developed.
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