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(Showing results 1 to 9 of 9)



Household Welfare Loss Due to Electricity Supply Disruptions

Arun P. Sanghvi

Year: 1983
Volume: Volume 4
Number: Special Issue
DOI: 10.5547/ISSN0195-6574-EJ-Vol4-NoSI-3
No Abstract



The Cost Of Residential Electric Power Outages

Robert W. Gilmer and Richard S. Mack

Year: 1983
Volume: Volume 4
Number: Special Issue
DOI: 10.5547/ISSN0195-6574-EJ-Vol4-NoSI-4
No Abstract



Long-Term Versus Short-Term Costs of Electricity Supply Interruptions: A Cautionary Note

Peter Lewin and Steve G. Parsons

Year: 1986
Volume: Volume 7
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No2-13
View Abstract

Abstract:
Increasing attention has been given in recent years to the valuation of reliability in the supply of electricity. It is peculiar in the use of the terms that the value of reliability is equivalent to the cost of unreliability. In attempting to identify and measure this cost, researchers have drawn a distinction between different types of cost, particularly short- and long-term costs. In this paper, we examine this distinction to clarify what may be a source of confusion.



Long-run Adjustment to Alternative Levels of Reliability in Electricity Supply

Robert W. Gilmer and Richard S. Mack

Year: 1986
Volume: Volume 7
Number: Number 4
DOI: 10.5547/ISSN0195-6574-EJ-Vol7-No4-6
View Abstract

Abstract:
Most studies of reliable electricity supplies have been artful efforts to quantify the benefits of additional electric generating capacity (Webb; Andersson and Taylor). Outages are treated as the result of insufficient capacity, and outage costs are weighed against whatever outlays are necessary to bring new generation into the electrical system. Given the emphasis on long-run supply in the ultimate usefulness of these studies, research has focused to a remarkable degree on the cost of individual outage events (Sanghvi, 1982). The customer's long-run response to a change in reliability levels has rarely received much attention, and when it has been considered it has been treated as an analytically difficult or intractable problem. Our purpose is to show that the economics of long-run adjustments to a different level of reliability are in fact quite simple and easily incorporated into standard cost/benefit studies.



Reliability of Electricity Supply, Outage Costs and Value of Service: An Overview

M. Munasinghe and A. Sanghvi

Year: 1988
Volume: Volume 9
Number: Special Issue 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol9-NoSI2-1
No Abstract





Household Preference for Interruptible Rate Options and the Revealed Value of Service Reliability

Michael J. Doane, Raymand S. Hartman and Chi-Keung Woo

Year: 1988
Volume: Volume 9
Number: Special Issue 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol9-NoSI2-8
No Abstract



Households' Perceived Value of Service Reliability: An Analysis of Contingent Valuation Data

Michael J. Doane, Raymond S. Hartman, and Chi-Keung Woo

Year: 1988
Volume: Volume 9
Number: Special Issue 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol9-NoSI2-9
No Abstract



A Stochastic Model for the Measurement of Electricity Outage Costs

Abraham Grosfeld-Nir and Asher Tishler

Year: 1993
Volume: Volume 14
Number: Number 2
DOI: 10.5547/ISSN0195-6574-EJ-Vol14-No2-8
View Abstract

Abstract:
The measurement of customer outage costs has recently become an important subject of research for the electric utilities. This paper uses a stochastic dynamic model as the starting point in developing a market-based method for the evaluation of outage costs. Specifically, the model postulates that once an electricity outage occurs, all production activity stops. Full production is resumed once the electricity outage is over. This process repeats itself indefinitely. The business customer maximizes his expected discounted profits (the expected value of the firm), taking into account his limited ability to respond to repeated random electricity outages. The model is applied to 11 industrial branches in Israel. The estimates exhibit a large variation across branches.





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