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Value of Continuity of Electricity Supply from the Distribution System Operators’ Perspective

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dc.contributor Aalto-yliopisto fi
dc.contributor Aalto University en
dc.contributor.advisor Küfeoğlu, Sinan, Dr., University of Cambridge, UK
dc.contributor.author Gündüz, Niyazi
dc.date.accessioned 2019-05-24T09:01:10Z
dc.date.available 2019-05-24T09:01:10Z
dc.date.issued 2019
dc.identifier.isbn 978-952-60-8590-6 (electronic)
dc.identifier.isbn 978-952-60-8589-0 (printed)
dc.identifier.issn 1799-4942 (electronic)
dc.identifier.issn 1799-4934 (printed)
dc.identifier.issn 1799-4934 (ISSN-L)
dc.identifier.uri https://aaltodoc.aalto.fi/handle/123456789/38097
dc.description.abstract Continuous electric power service is vital for the users, companies and the public authorities. Due to extreme weather events, this continuity of supply is under threat in Nordic countries such as Finland and Sweden. Therefore, improving reliability and hence decreasing annual interruption hours is a must for the public authorities and for the distribution system operators (DSOs). Understanding the costs of interruption is crucial in terms of improving the power system infrastructure and planning the distribution grid. Value of continuity of electricity supply and customer interruption costs have been a popular area of study since the liberalization of the electric power markets. However, majority of these studies approach the problem from customers' point of view. To bring a novel insight, this dissertation aims to assess the economic losses from distribution system operators' perspective. There are numerous methods to calculate the Customer Interruption Costs (CICs). Each method has its advantages and disadvantages. In addition to a number of previously introduced methods, this dissertation adopts directional distance function approach to estimate the value of the continuity of supply from the distribution network operator perspective via calculating shadow pricing of one minute of power interruption. This dissertation uses reliability and financial data of Finnish DSOs between 2013-2017. Finland is an attractive country for the researchers to carry out such a study due to availability of open access, publicly available, transparent and reliable data. Main goal of this study is to use indirect analytical methods to calculate customer interruption costs while providing a credible method which is straight forward, easy to apply, less time, money and labour demanding. In order to succeed this goal, shadow prices of 78 DSOs' data have been analyzed. It was seen that shadow price of one minute of interruption for the majority of the DSOs vary between 0.4 and 0.5 € cents for the years 2013 – 2015. This is valuable information for both DSOs and for the public authorities in Finland, since the DSOs are supposed to pay standard customer compensations due to interruptions.   en
dc.format.extent 72 + app. 68
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher Aalto University en
dc.publisher Aalto-yliopisto fi
dc.relation.ispartofseries Aalto University publication series DOCTORAL DISSERTATIONS en
dc.relation.ispartofseries 108/2019
dc.relation.haspart [Publication 1]: Küfeoğlu, Sinan; Gündüz, Niyazi; Lehtonen, Matti. Climate Change Concerns and Finnish Electric Power Supply Security Performance. IEEE PES Innovative Smart Grid Technologies Conference Europe (ISGT-Europe), Ljubljana, Slovenia, 9-12 October 2016. DOI: 10.1109/ISGTEurope.2016.7856318
dc.relation.haspart [Publication 2]: Gündüz, Niyazi; Küfeoğlu, Sinan; Lehtonen, Matti. Impacts of Natural Disasters on Swedish Electric Power Policy; a Case Study. MDPI Sustainability. Sustainable Energy Policy and Policy Implications - Good Examples and Critical Reflections, Vol 9, No. 2, page 230, 2017. Full text in Acris/Aaltodoc: http://urn.fi/URN:NBN:fi:aalto-201706205665. DOI: 10.3390/su9020230
dc.relation.haspart [Publication 3]: Gündüz, Niyazi; Küfeoğlu, Sinan; Winser, Christian; Lehtonen, Matti. Regional Differences in Economic Impacts of Power Outages in Finland. University of Cambridge, EPRG Working Paper 1822, Cambridge Working Paper in Economics, 2018. DOI: 10.20944/preprints201807.0121.v1
dc.relation.haspart [Publication 4]: Küfeoğlu, Sinan; Gündüz, Niyazi; Chen, Hao; Lehtonen, Matti. Shadow Pricing of Electric Power Interruptions for Distribution System Operators in Finland. MDPI Energies, 2018, Vol 11, No. 7, Page 1831. Full text in Acris/Aaltodoc: http://urn.fi/URN:NBN:fi:aalto-201809044938. DOI: 10.3390/en11071831
dc.relation.haspart [Publication 5]: Gündüz, Niyazi; Küfeoğlu, Sinan; Lehtonen, Matti. Customer Interruption Cost Estimations for distribution System Operators in Finland. IEEE PES Innovative Smart Grid Technologies Conference Europe (ISGT-Europe), Sarajevo, Bosnia and Herzegovina, 21-25 October 2018. DOI: 10.1109/ISGTEurope.2018.8571720
dc.relation.haspart [Publication 6]: Lehtonen, Matti; Gündüz, Niyazi; Küfeoğlu, Sinan. On the Evaluation of Customers Interruption Costs due to Unexpected Power Outages. 2018 IEEE 59th International Scientific Conference on Power and Electrical Engineering of Riga Technical University (RTUCON). DOI: /10.1109/RTUCON.2018.8659847
dc.subject.other Electrical engineering en
dc.title Value of Continuity of Electricity Supply from the Distribution System Operators’ Perspective en
dc.type G5 Artikkeliväitöskirja fi
dc.contributor.school Sähkötekniikan korkeakoulu fi
dc.contributor.school School of Electrical Engineering en
dc.contributor.department Sähkötekniikan ja automaation laitos fi
dc.contributor.department Department of Electrical Engineering and Automation en
dc.subject.keyword reliability en
dc.subject.keyword power en
dc.subject.keyword electric en
dc.subject.keyword customer en
dc.subject.keyword interruption en
dc.subject.keyword costs en
dc.identifier.urn URN:ISBN:978-952-60-8590-6
dc.type.dcmitype text en
dc.type.ontasot Doctoral dissertation (article-based) en
dc.type.ontasot Väitöskirja (artikkeli) fi
dc.contributor.supervisor Lehtonen, Matti, Prof., Aalto University, Department of Electrical Engineering and Automation, Finland
dc.opn Honkapuro, Samuli, Prof., Lappeenranta University of Technology, Finland
dc.contributor.lab Power Systems and High Voltage Engineering en
dc.rev Krikštolaitis, Ričardas, Prof., Vytautas Magnus University, Lithuania
dc.rev Allik, Alo Dr., Estonian University of Life Sciences, Estonia
dc.date.defence 2019-06-18
local.aalto.acrisexportstatus checked 2019-07-03_1155
local.aalto.formfolder 2019_05_23_klo_14_57
local.aalto.archive yes


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