Sustainable and inclusive demand-side resilience : a semi-dynamic model for outage costs

Safamanesh, Ali and Ghaziziadeh, Mohammad Sadegh and Habibi, Mahdi and Vahidinasab, Vahid; Sandikkaya, Mehmet Tahir and Usta, Omer, eds. (2023) Sustainable and inclusive demand-side resilience : a semi-dynamic model for outage costs. In: 2023 IEEE PES GTD International Conference and Exposition, GTD. Institute of Electrical and Electronics Engineers Inc., TUR, pp. 166-170. ISBN 9781728170251 (

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The power system is primarily designed and concerned with supplying electricity to its customers at all times. Nevertheless, power outages are inevitable; therefore, one of the challenges is to accurately determine the costs and damages to consumers in a fair and inclusive manner. Outage events are regularly costed based on a parameter called the Value of Lost Load (VoLL/VOLL). Although some of the influencing factors on outage costs have been identified in the literature, the exact determination of the damage to customers is still considered a big challenge. This work is an effort toward a more sustainable and inclusive demand-side resilience that provides a semi-dynamic model for the assignment of the power outage damage costs to the customers. The results of the proposed method show how using a semi-dynamic model for outage costs leads to more sustainable and inclusive operating decisions in the power system while also leads to a fairer allocation of costs.