Title :
Methodologies for characterising and valuing energy security — A short critical review
Author :
Månsson, A. ; Johansson, B. ; Nilsson, L.J.
Author_Institution :
Dept. of Environ. & Energy Syst. Studies, Lund Univ., Lund, Sweden
Abstract :
Security of supply is widely addressed in the academia. In this paper we conduct a review of methodologies, discuss strengths and weaknesses and identify areas that would benefit from further research and methodology development. A distinction is made between methodologies used to assess general vulnerability and those that value the outcome of insecurity by testing how energy systems respond to disturbances. The former group contains methods that value scarcity of primary fuels, reliable infrastructure, import dependence, economic factors, diversity and those that are used to simultaneously analyse several of these aspects. Disturbances that are analysed are shortage of primary fuel, system failure (caused deliberately or accidently), the end users´ cost of a power outage and price spikes.
Keywords :
energy security; fuel; power system protection; power system reliability; system recovery; economic factors; end users cost; energy security characterisation; energy security value; energy systems testing; power outage; price spikes; primary fuels scarcity; reliable infrastructure; supply security; system failure; Diversity methods; Economics; Indexes; Portfolios; Production; Reliability; Security; Energy security; Security of supply; Supply security; Valuation methods; Vulnerabilities;
Conference_Titel :
European Energy Market (EEM), 2012 9th International Conference on the
Conference_Location :
Florence
Print_ISBN :
978-1-4673-0834-2
Electronic_ISBN :
978-1-4673-0832-8
DOI :
10.1109/EEM.2012.6254752
