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

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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
Issue number2
Publication statusPublished - 2015
MoE publication typeA1 Journal article-refereed

    Research areas

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

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ID: 2037546