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

Sinan Küfeoglu, Matti Lehtonen

Research output: Contribution to journalArticleScientificpeer-review

19 Citations (Scopus)
344 Downloads (Pure)

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.
Original languageEnglish
Pages (from-to)50-55
JournalElectric Power Systems Research
Volume122
Issue number2
DOIs
Publication statusPublished - 2015
MoE publication typeA1 Journal article-refereed

Keywords

  • Residential
  • Econometric
  • Customer
  • Interruption
  • Costs
  • Models

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