Measurement and application of customer interruption costs/value of service for cost-benefit reliability evaluation: some commonly raised issues

This work deals with the customer perspective of service reliability. In particular, given the changes in the electric utility industry's cost structure in recent years, there is a growing feeling that investments related to the provision of electric service reliability should be carefully eval...

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Bibliographic Details
Published in:IEEE transactions on power systems 1990-11, Vol.5 (4), p.1333-1344
Main Author: Sanghvi, A.P.
Format: Article
Language:English
Subjects:
240100 - Power Systems- (1990-)
240700 - Power Transmission & Distribution- Economic, Industrial & Business Aspects- (1990-)
290200 - Energy Planning & Policy- Economics & Sociology
296000 - Energy Planning & Policy- Electric Power
Applied sciences
AVAILABILITY
COST BENEFIT ANALYSIS
ELECTRIC POWER
Electrical engineering. Electrical power engineering
Electrical power engineering
ENERGY PLANNING, POLICY AND ECONOMY
ENERGY SYSTEMS
Exact sciences and technology
Investments
Meeting planning
Operation. Load control. Reliability
OUTAGES
POWER
Power generation economics
Power industry
Power networks and lines
Power system economics
Power system planning
Power system reliability
POWER SYSTEMS
POWER TRANSMISSION AND DISTRIBUTION
RELIABILITY
Reliability engineering
Standards development
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Summary:This work deals with the customer perspective of service reliability. In particular, given the changes in the electric utility industry's cost structure in recent years, there is a growing feeling that investments related to the provision of electric service reliability should be carefully evaluated as regards their cost and benefit implications. Such an explicit cost-benefit analysis provides the basis for answering the economic question of how much reliability is adequate from the customer's perspective.< >
ISSN:0885-8950
1558-0679
DOI:10.1109/59.99385