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Need for Reliability and Measuring Its Cost
KTH, School of Industrial Engineering and Management (ITM), Energy Technology, Energy Systems Analysis.ORCID iD: 0000-0002-2535-4134
KTH, School of Industrial Engineering and Management (ITM), Energy Technology.
KTH, School of Industrial Engineering and Management (ITM), Energy Technology.ORCID iD: 0000-0003-4022-5506
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2017 (English)In: Europe's Energy Transition - Insights for Policy Making, Elsevier, 2017, p. 207-218Chapter in book (Refereed)
Abstract [en]

At present, power supply in the EU is characterized by a relatively high reliability. It should, however, not be taken for granted given the increasing shares of variable RES. Choosing the socioeconomically optimal level of reliability to aim for requires a thorough understanding of the socioeconomic costs of electricity supply interruptions. This chapter provides guidance on how to measure the consequences of supply interruptions and thus determine the value of electricity supply security.

Place, publisher, year, edition, pages
Elsevier, 2017. p. 207-218
Keywords [en]
Electricity supply security, Power system reliability, Supply interruption costs
National Category
Energy Systems
Identifiers
URN: urn:nbn:se:kth:diva-223083DOI: 10.1016/B978-0-12-809806-6.00024-9Scopus ID: 2-s2.0-85040585312ISBN: 9780128098066 ISBN: 9780128099032 OAI: oai:DiVA.org:kth-223083DiVA, id: diva2:1182606
Note

QC 20180214

Available from: 2018-02-14 Created: 2018-02-14 Last updated: 2018-02-14Bibliographically approved

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Shivakumar, AbhishekWelsch, ManuelTaliotis, ConstantinosHowells, Mark I.

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