Comparison of different models for estimating the residential sector customer interruption costs
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A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Electric Power Systems Research, Volume 122, issue 2, pp. 50-55
Abstract
Estimation of economic impacts of power interruptions in residential customers segment is a challenging and tedious task. The literature presents different methods to come up with sound calculations for these customer interruption costs. This paper makes use of a detailed customer survey study that was conducted in Finland and presents a comparison of five different models: WTA, WTP, direct worth approach, price elasticity approach and a new macroeconomic model. When doing the analysis a total of 1009 customers are divided into three sub-categories regarding the distinct characteristics of power consumptions: households, vacation houses and farm house customers.Description
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Küfeoglu, S & Lehtonen, M 2015, 'Comparison of different models for estimating the residential sector customer interruption costs', Electric Power Systems Research, vol. 122, no. 2, pp. 50-55. https://doi.org/10.1016/j.epsr.2014.12.026