Comparison of different models for estimating the residential sector customer interruption costs

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Journal ISSN
Volume Title
A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä
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Date
2015
Major/Subject
Mcode
Degree programme
Language
en
Pages
50-55
Series
ELECTRIC POWER SYSTEMS RESEARCH, Volume 122, issue 2
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.
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Keywords
Residential, Econometric, Customer, Interruption, Costs, Models
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Citation
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