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Methodology based on the value of lost load for evaluating economical losses due to disturbances in the power quality

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  • Coll-Mayor, Debora
  • Pardo, Juan
  • Perez-Donsion, Manuel

Abstract

The paper focuses on the evaluation of the economic losses in the industrial sector due to a lack of power quality. The term power quality includes, in general, a set of boundary conditions which allow electrical systems connected to the grid to function as planned. Therefore, the operation of the power system outside these boundaries directly impacts on the economic performance of the whole system. The evaluation of the economical loses derived from this fact has been the subject of several studies, mostly applied to individual cases, with calculation methodologies either too complicated to be applicable, needing a large input of data, mostly dealing with confidentiality issues, or based on particular cases and impossible to extrapolate. The objective of this paper is provide decision makers and authorities responsible of enforcing compensations for losses derived of power quality issues with a relatively easy to apply methodology for calculating the real quantity of these losses. An example of the application of this methodology and an analysis of the results is also provided. The validation of the methodology and its use for different comparison analysis was also carried out. Conclusions are given at the end of the work and further research is proposed.

Suggested Citation

  • Coll-Mayor, Debora & Pardo, Juan & Perez-Donsion, Manuel, 2012. "Methodology based on the value of lost load for evaluating economical losses due to disturbances in the power quality," Energy Policy, Elsevier, vol. 50(C), pages 407-418.
    • Handle: RePEc:eee:enepol:v:50:y:2012:i:c:p:407-418
    DOI: 10.1016/j.enpol.2012.07.036
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    References listed on IDEAS

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    1. Willis, K. G. & Garrod, G. D., 1997. "Electricity supply reliability : Estimating the value of lost load," Energy Policy, Elsevier, vol. 25(1), pages 97-103, January.
    2. de Nooij, Michiel & Koopmans, Carl & Bijvoet, Carlijn, 2007. "The value of supply security: The costs of power interruptions: Economic input for damage reduction and investment in networks," Energy Economics, Elsevier, vol. 29(2), pages 277-295, March.
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    Cited by:

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    3. Laws, Nicholas D. & Anderson, Kate & DiOrio, Nicholas A. & Li, Xiangkun & McLaren, Joyce, 2018. "Impacts of valuing resilience on cost-optimal PV and storage systems for commercial buildings," Renewable Energy, Elsevier, vol. 127(C), pages 896-909.
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    5. Stadler, Michael & Cardoso, Gonçalo & Mashayekh, Salman & Forget, Thibault & DeForest, Nicholas & Agarwal, Ankit & Schönbein, Anna, 2016. "Value streams in microgrids: A literature review," Applied Energy, Elsevier, vol. 162(C), pages 980-989.
    6. Thomas, Douglas & Fung, Juan, 2022. "Measuring downstream supply chain losses due to power disturbances," Energy Economics, Elsevier, vol. 114(C).
    7. Lang, Lukas Maximilian & Dallinger, Bettina & Lettner, Georg, 2020. "The meaning of flow-based market coupling on redispatch measures in Austria," Energy Policy, Elsevier, vol. 136(C).
    8. Elie Bouri & Joseph El Assad, 2016. "The Lebanese Electricity Woes: An Estimation of the Economical Costs of Power Interruptions," Energies, MDPI, vol. 9(8), pages 1-12, July.
    9. Francisco G. Montoya & Raul Baños & Alfredo Alcayde & Maria G. Montoya & Francisco Manzano-Agugliaro, 2018. "Power Quality: Scientific Collaboration Networks and Research Trends," Energies, MDPI, vol. 11(8), pages 1-16, August.
    10. Kim, Kayoung & Nam, Heekoo & Cho, Youngsang, 2015. "Estimation of the inconvenience cost of a rolling blackout in the residential sector: The case of South Korea," Energy Policy, Elsevier, vol. 76(C), pages 76-86.
    11. Jin, Taeyoung & Lee, Tae Eui & Kim, Dowon, 2023. "Value of lost load estimation for the South Korea's manufacturing sector—finding the gap between the supply and demand side," Renewable and Sustainable Energy Reviews, Elsevier, vol. 187(C).

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