Interruption Costs and Consumer Valuation of Reliability of Service in a Liberalised Power Market

Author

Samdal, K. ; Kjolle, Gerd H. ; Singh, B. ; Kvitastein, O.

Author_Institution

SINTEF Energy Res., Trondheim

fYear

2006

fDate

11-15 June 2006

Firstpage

1

Lastpage

7

Abstract

This paper addresses the methodological issues related to data normalization and the estimation of customer average interruption costs that are suitable for incorporation into performance-based regulation regimes. The paper describes methods and algorithms developed to calculate individual and sector normalized cost functions and presents the main results from the most recent Norwegian customer survey of interruption costs, performed in the period 2001-2003. The study showed that extra attention has to be given to the process of censoring outliers in the data material as the data often are far from normally distributed

Keywords

power markets; power system reliability; Norwegian customer survey; consumer valuation; interruption cost; liberalised power market; normalized cost function; service reliability; Capacity planning; Cost accounting; Cost function; Electricity supply industry; Power generation; Power markets; Power system planning; Power system reliability; Quality of service; Voltage; censoring outliers; customer survey; energy not supplied; interruption costs; non-normally distributed data; normalization;

fLanguage

English

Publisher

ieee

Conference_Titel

Probabilistic Methods Applied to Power Systems, 2006. PMAPS 2006. International Conference on

Conference_Location

Stockholm

Print_ISBN

978-91-7178-585-5

Type

conf

DOI

10.1109/PMAPS.2006.360322

Filename

4202334