The value of supply security

Author

Ligus, Magdalena

Author_Institution

Dept. of Corp. Finance & Value Based Manage., Wroclaw Univ. of Econ., Wrocław, Poland

fYear

2015

fDate

10-13 June 2015

Firstpage

1846

Lastpage

1851

Abstract

The paper estimates the cost of power interruptions for the Polish sector of enterprises. In the research, an average WTP, and also the average VoLL from the sample, were estimated, and the analyses of an average WTP, and also those of the average VoLL, were conducted in the groups of enterprises categorized in accordance with the size of a given enterprise, and also with a sector which is represented by it. As well as that, the tests of the significance of differences in the expected values of WTP, and also of VoLL, in groups were conducted. Those analyses were being conducted on the sample, having excluded protest respondents. Upon the basis of the conducted analyses, conclusions were formulated. Test of the validity of the CVM approach, and VoLL derived by this study, is by comparison with other studies using a different method of analysis (convergent validity test).

Keywords

power system faults; power system reliability; power system security; CVM approach; Polish sector; average VoLL; average WTP; continent valuation method; convergent validity test; cost estimation; excluded protest respondents; power interruptions; supply security; value of lost load; willingness to pay; Cost accounting; Estimation; Power supplies; Reliability; Security; Sociology; Statistics; Continent Valuation Method (CVM); Value of Lost Load (VoLL); energy security; willingness to pay (WTP);

fLanguage

English

Publisher

ieee

Conference_Titel

Environment and Electrical Engineering (EEEIC), 2015 IEEE 15th International Conference on

Conference_Location

Rome

Print_ISBN

978-1-4799-7992-9

Type

conf

DOI

10.1109/EEEIC.2015.7165453

Filename

7165453