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September 2006
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25 Reads
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11 Citations
Placing a dollar value on electric service reliability causing the disruption of critical social services and the inconveniences to businesses and individuals is nothing new to the electric power industry. The value the customers place on electric service reliability has been studied by utilities and others. This paper provides an overview and reviews the findings of a few such studies and compares the results.
... The next part of the literature focuses on the different definitions of level of service on the five networks. For electricity networks, the level of service is based on "expected unserved energy", as shown by (Rietz and Sen, 2006). They found that the most prominently used indicators are Loss of Load Probability and Expected Unserved Energy. ...
September 2006
