Comparison of the methods for assessing the customers' outage costs

Matti Lehtonen; Bettina Lemström

doi:10.1109/EMPD.1995.500691

Comparison of the methods for assessing the customers' outage costs

Matti Lehtonen, Bettina Lemström

VTT Technical Research Centre of Finland

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

21 Citations (Scopus)

Abstract

This paper gives a comparative study of various methods for assessing the customers' outage costs. The methods considered are the willingness to pay in order to avoid an outage, the willingness to accept compensation for having had an outage, the customer survey where the costs are estimated directly by the customers themselves and an econometric model based on price elasticity. In the case of industrial customers, also the correlation between the outage costs and the value added by the production is examined. The use of different methods is illustrated by the main results of a large Nordic study, carried out in 1992 and 1993.

Original language	English
Title of host publication	Proceedings of the 1995 International Conference on Energy Management and Power Delivery EMPD '95
Publisher	IEEE Institute of Electrical and Electronic Engineers
Pages	516-521
Volume	2
ISBN (Print)	0-7803-2981-3
DOIs	https://doi.org/10.1109/EMPD.1995.500691
Publication status	Published - 1995
MoE publication type	A4 Article in a conference publication
Event	EMPD'95 International Conference on Energy Management and Power Delivery - Singapore, Singapore Duration: 21 Nov 1995 → 23 Nov 1995

Conference

Conference	EMPD'95 International Conference on Energy Management and Power Delivery
Country/Territory	Singapore
City	Singapore
Period	21/11/95 → 23/11/95

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10.1109/EMPD.1995.500691

Cite this

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title = "Comparison of the methods for assessing the customers' outage costs",

abstract = "This paper gives a comparative study of various methods for assessing the customers' outage costs. The methods considered are the willingness to pay in order to avoid an outage, the willingness to accept compensation for having had an outage, the customer survey where the costs are estimated directly by the customers themselves and an econometric model based on price elasticity. In the case of industrial customers, also the correlation between the outage costs and the value added by the production is examined. The use of different methods is illustrated by the main results of a large Nordic study, carried out in 1992 and 1993.",

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booktitle = "Proceedings of the 1995 International Conference on Energy Management and Power Delivery EMPD '95",

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address = "United States",

note = "EMPD'95 International Conference on Energy Management and Power Delivery ; Conference date: 21-11-1995 Through 23-11-1995",

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Lehtonen, M & Lemström, B 1995, Comparison of the methods for assessing the customers' outage costs. in Proceedings of the 1995 International Conference on Energy Management and Power Delivery EMPD '95. vol. 2, IEEE Institute of Electrical and Electronic Engineers, pp. 516-521, EMPD'95 International Conference on Energy Management and Power Delivery, Singapore, Singapore, 21/11/95. https://doi.org/10.1109/EMPD.1995.500691

Comparison of the methods for assessing the customers' outage costs. / Lehtonen, Matti; Lemström, Bettina.
Proceedings of the 1995 International Conference on Energy Management and Power Delivery EMPD '95. Vol. 2 IEEE Institute of Electrical and Electronic Engineers, 1995. p. 516-521.

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

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AU - Lemström, Bettina

PY - 1995

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N2 - This paper gives a comparative study of various methods for assessing the customers' outage costs. The methods considered are the willingness to pay in order to avoid an outage, the willingness to accept compensation for having had an outage, the customer survey where the costs are estimated directly by the customers themselves and an econometric model based on price elasticity. In the case of industrial customers, also the correlation between the outage costs and the value added by the production is examined. The use of different methods is illustrated by the main results of a large Nordic study, carried out in 1992 and 1993.

AB - This paper gives a comparative study of various methods for assessing the customers' outage costs. The methods considered are the willingness to pay in order to avoid an outage, the willingness to accept compensation for having had an outage, the customer survey where the costs are estimated directly by the customers themselves and an econometric model based on price elasticity. In the case of industrial customers, also the correlation between the outage costs and the value added by the production is examined. The use of different methods is illustrated by the main results of a large Nordic study, carried out in 1992 and 1993.

U2 - 10.1109/EMPD.1995.500691

DO - 10.1109/EMPD.1995.500691

M3 - Conference article in proceedings

SN - 0-7803-2981-3

VL - 2

SP - 516

EP - 521

BT - Proceedings of the 1995 International Conference on Energy Management and Power Delivery EMPD '95

PB - IEEE Institute of Electrical and Electronic Engineers

T2 - EMPD'95 International Conference on Energy Management and Power Delivery

Y2 - 21 November 1995 through 23 November 1995

ER -

Comparison of the methods for assessing the customers' outage costs

Abstract

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