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Use calculated shortage costs to set reliability safety margins

Journal Article · · Electr. Light Power (Boston); (United States)
OSTI ID:5422020
A method for determining optimum system reliability allows utilities to develop their own service-area profile. The Electric Power Research Institute made a random sampling of customers of the Key West City Electric Co. who experienced a 26-day power shortage; the data were used to determine their real and perceived losses and assess their willingness to pay for a reliability safety margin. The information can be used by other utilities having a similar shortage. Cost estimations included damages, sales and productivity losses, and customer discomfort summarized as cost per kilowatt hour. The results are then analyzed by producer, employee, or consumer willingness to pay. (DCK)
OSTI ID:
5422020
Journal Information:
Electr. Light Power (Boston); (United States), Journal Name: Electr. Light Power (Boston); (United States) Vol. 58:4; ISSN ELLPA
Country of Publication:
United States
Language:
English

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Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000 -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000* -- Energy Planning & Policy-- Electric Power
COST
ELECTRIC UTILITIES
ENERGY SHORTAGES
POWER DEMAND
PUBLIC OPINION
PUBLIC RELATIONS
PUBLIC UTILITIES
RELIABILITY