Title :
Probabilistic interpretation of customer interruption cost (CIC) applied to South African systems
Author :
Herman, Ron ; Gaunt, Trevor
Author_Institution :
Dept. of Electr. Eng., Univ. of Cape Town, Cape Town, South Africa
Abstract :
This paper reports on customer interruption cost (CIC) measurement in the commercial and industrial sectors. It accommodates the time-dependence of interruptions. It proposes a method of predicting the probability of such interruptions and of their cost. A method of scaling CIC is proposed for different sizes of customer. The result of the whole approach is the probabilistic financial impact assessment of interruptions, which provides an appropriate basis for decision-making.
Keywords :
costing; customer services; decision making; power markets; power system economics; power system reliability; probability; CIC probabilistic interpretation; South African systems; customer interruption cost; decision making; probabilistic financial impact assessment; Africa; Cities and towns; Costs; Decision making; Demography; Electric variables measurement; Frequency; Performance analysis; Regulators; Robustness; Customer Interruption Costs; probabilistic reliability evaluation;
Conference_Titel :
Probabilistic Methods Applied to Power Systems (PMAPS), 2010 IEEE 11th International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-5720-5
DOI :
10.1109/PMAPS.2010.5528947
