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Comparison of cost models for estimating customer interruption costs
KTH, School of Electrical Engineering (EES), Electric Power Systems.
KTH, School of Electrical Engineering (EES), Electric Power Systems.ORCID iD: 0000-0002-8189-2420
2012 (English)In: Proceedings in Probabilistic Methods Applied to Power Systems (PMAPS), 2012Conference paper, Published paper (Refereed)
Abstract [en]

Customer interruption costs are functions of many different factors such as interruption duration, timing and customer sector. Various cost models with different number of outage and customer characteristics included have been proposed during the years. This paper compares the customer interruption cost assessments of seven different cost models in a case study.Time sequential Monte Carlo simulations are used to simulate the customers’ benefits of increased reliability in a test system. The investigated cost models’ estimations of the Expected Customer Interruption Cost (ECOST) are compared and used in a costbenefitanalysis. Results show that the ECOST results are so different that the cost model choice affects the outcome of the cost-benefit analysis. Only when using some of the cost models the investigated reinvestments are estimated to be socioeconomically beneficial.

Place, publisher, year, edition, pages
2012.
Keyword [en]
Distribution system reliability, customer interruption cost models, time sequential Monte Carlo simulation
National Category
Other Electrical Engineering, Electronic Engineering, Information Engineering
Identifiers
URN: urn:nbn:se:kth:diva-92159OAI: oai:DiVA.org:kth-92159DiVA: diva2:512445
Conference
Probabilistic Methods Applied to Power Systems (PMAPS), Istanbul, Turkey, 10-14 June 2012
Funder
StandUp
Note

QS 2013

Available from: 2012-03-27 Created: 2012-03-27 Last updated: 2013-11-18Bibliographically approved

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fulltext(152 kB)235 downloads
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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf