Estimating the value of reliability for residential customers
In recent years, increasing attention has been paid to customer costs of power outages. This paper estimates residential costs of outages using both the direct cost method and the contingent valuation method. Three cost perspectives are used: cost per outage incident; cost per hour; and cost per kW....
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| Format: | Tagungsbericht |
| Sprache: | eng |
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| Zusammenfassung: | In recent years, increasing attention has been paid to customer costs of power outages. This paper estimates residential costs of outages using both the direct cost method and the contingent valuation method. Three cost perspectives are used: cost per outage incident; cost per hour; and cost per kW.h lost. Regression modeling is used to explain outage costs as a function of outage length, time of day and season. |
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