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Title: Valuing Resilience

Abstract

There is a variety of work in progress at NREL that is evaluating the value of resiliency. This presentation summarizes of this ongoing work, which including: 1. The development of quantitative resilience metrics for the power system. 2. The implementation of quantitative, performance-based resilience metrics into existing models and tools 3. Methods for valuing resilience, including a time-varying value of lost load. 4. The extent to which accounting for performance-based resilience metrics and/or the value of resilience could impact investment (planning) decisions related to electricity supply. 5. Developing and implementing a consistent valuation methodology for resilience distribution system field validation projects.

Authors:
 [1];  [1]; ORCiD logo [1]
  1. National Renewable Energy Laboratory (NREL), Golden, CO (United States)
Publication Date:
Research Org.:
National Renewable Energy Lab. (NREL), Golden, CO (United States)
Sponsoring Org.:
USDOE National Renewable Energy Laboratory (NREL), Laboratory Directed Research and Development (LDRD) Program
OSTI Identifier:
1543260
Report Number(s):
NREL/PR-6A20-74258
DOE Contract Number:  
AC36-08GO28308
Resource Type:
Conference
Resource Relation:
Conference: Presented at the FAASSTeR Stakeholder Workshop and Seminar, 24-26 June 2019, Gainesville, Florida
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY, AND ECONOMY; quantitative resilience; time varying; lost load; metrics; investment planning

Citation Formats

Murphy, Caitlin, Hotchkiss, Elizabeth L, and Anderson, Katherine H. Valuing Resilience. United States: N. p., 2019. Web.
Murphy, Caitlin, Hotchkiss, Elizabeth L, & Anderson, Katherine H. Valuing Resilience. United States.
Murphy, Caitlin, Hotchkiss, Elizabeth L, and Anderson, Katherine H. Mon . "Valuing Resilience". United States. https://www.osti.gov/servlets/purl/1543260.
@article{osti_1543260,
title = {Valuing Resilience},
author = {Murphy, Caitlin and Hotchkiss, Elizabeth L and Anderson, Katherine H},
abstractNote = {There is a variety of work in progress at NREL that is evaluating the value of resiliency. This presentation summarizes of this ongoing work, which including: 1. The development of quantitative resilience metrics for the power system. 2. The implementation of quantitative, performance-based resilience metrics into existing models and tools 3. Methods for valuing resilience, including a time-varying value of lost load. 4. The extent to which accounting for performance-based resilience metrics and/or the value of resilience could impact investment (planning) decisions related to electricity supply. 5. Developing and implementing a consistent valuation methodology for resilience distribution system field validation projects.},
doi = {},
journal = {},
number = ,
volume = ,
place = {United States},
year = {2019},
month = {7}
}

Conference:
Other availability
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