A Hybrid Approach to Estimating the Economic Value of Enhanced Power System Resilience

Technical Report · Mon Feb 01 04:00:00 EST 2021

DOI:https://doi.org/10.2172/1767986· OSTI ID:1767986

Baik, Sunhee ^[1]; Hanus, Nichole L ^[1]; Sanstad, Alan H ^[1]; Eto, Joseph H ^[1]; Larsen, Peter H ^[1]

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1. Lawrence Berkeley National Lab. (LBNL), Berkeley, CA (United States)

The costs that power interruptions impose on customers and society have emerged as essential considerations for decision making about power system reliability and resilience. There is well-established literature on the direct costs of localized and relatively short-duration power interruptions. However, far less is known about the costs of widespread and long-duration (WLD) power interruptions, especially the indirect costs and related economy-wide impacts of these events. As a result, utility planning activities generally incorporate these costs incompletely or not at all. This report proposes a new approach to estimating WLD power interruption costs to support utility resilience planning studies. Specifically, the paper describes a hybrid method that integrates: (1) empirical surveys of region- and sector-specific inherent and adaptive customer behaviors during and after power interruptions, and (2) computable general equilibrium (CGE) modeling, which estimates the direct and indirect impacts of WLD power interruptions. The report provides both a rationale for the proposed hybrid approach and a roadmap outlining how it could be implemented.

• Research Organization: Lawrence Berkeley National Laboratory (LBNL), Berkeley, CA (United States)
• Sponsoring Organization: USDOE Office of Electricity (OE)
• DOE Contract Number: AC02-05CH11231
• OSTI ID: 1767986
• Country of Publication: United States
• Language: English

Related Subjects

24 POWER TRANSMISSION AND DISTRIBUTION
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION