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

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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 (https://doi.org/10.1109/GTD49768.2023.00058)

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Abstract

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.

ORCID iDs

Safamanesh, Ali, Ghaziziadeh, Mohammad Sadegh, Habibi, Mahdi ORCID logoORCID: https://orcid.org/0000-0002-5211-9201 and Vahidinasab, Vahid; Sandikkaya, Mehmet Tahir and Usta, Omer
CORE (COnnecting REpositories)