Economic costs of power interruptions: a consistent model and methodology

One of the most basic requirements in cost/benefit assessments of generation and transmission systems are the costs incurred by customers due to power interruptions. This paper provides a consistent set of cost of interruption data that can be used to assess the reliability worth of a power system. In addition to this basic data, methodologies for calculating the customer damage functions and the interrupted energy assessment rates for individual load points in the system and for the entire service area are also presented. The proposed model and methodology are illustrated by application to the IEEE-reliability test system (IEEE-RTS) [A Report Prepared by the Reliability Test System Task Force of the Application of Probability Methods Subcommittee, IEEE Reliability Test System, IEEE Trans. on PAS, Vol. PAS-98, No.6, pp. 2047-2054, November/December 1979. [1]]. (C) 2005 Elsevier Ltd. All rights reserved.