Applications of Measuring and Valuing Resilience in Energy Systems

Applications of Measuring and Valuing Resilience in Energy Systems

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Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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The electricity sector is vulnerable to numerous hazards that are being exacerbated by climate change, which can cause an increase in the hazards' frequency and intensity. Consumers, system regulators, system operators, and communities are now preparing to mitigate the increased risks posed by climate change. New York State's energy infrastructure resilience can be increased with targeted investments including but not limited to installing emergency backup systems, integrating microgrid solutions, weatherizing buildings, increasing energy efficiency, adding redundancy, investing in restoration and recovery, and hardening critical components. Such investments can reduce the likelihood, impact, and consequences of disruptive events but can also increase capital and operating costs. A barrier to prioritizing investments in resilience is that there is no widely established method for quantifying and assigning the benefits of resilience investments across various stakeholders. Decision-makers need better information detailing the value of resilience improvements. Developing methods to quantify, value, and price resilience helps meet resilience needs in an effective manner that also supports broader societal welfare. This report lays out considerations for quantifying and valuing resilience, discusses the current state of resilience valuation tools, and provides case studies of resilience projects that demonstrate how resilience attributes could be measured while highlighting broader, project-specific challenges to increasing resilience. Further, we present insights into methods and challenges to measuring, valuing, and enacting resilience investments.


Understanding Resilience Valuation for Energy Systems: An Overview of the NREL-NYSERDA Research Collaboration

Understanding Resilience Valuation for Energy Systems: An Overview of the NREL-NYSERDA Research Collaboration

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Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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Energy resilience has become a national priority as Americans experience more power outages attributed to climate change, extreme weather, and cyber events. Energy system owners and operators recognize that they must prepare differently for outages today than they did in the past. Decision makers at all levels face unique challenges and opportunities in effectively and equitably executing a transition to more resilient power systems. The New York State Energy Research and Development Authority (NYSERDA) recently added resilience to its mission statement. The authority engaged with the National Renewable Energy Laboratory (NREL) in a collaborative effort to: 1) understand options for measuring and valuing resilience investment benefits, and 2) inform how resilience could be operationalized across NYSERDA initiatives and program areas.


Climate Impacts on Energy Systems

Climate Impacts on Energy Systems

Author: Jane O. Ebinger

Publisher: World Bank Publications

Published: 2011

Total Pages: 224

ISBN-13: 0821386980

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"While the energy sector is a primary target of efforts to arrest and reverse the growth of greenhouse gas emissions and lower the carbon footprint of development, it is also expected to be increasingly affected by unavoidable climate consequences from the damage already induced in the biosphere. Energy services and resources, as well as seasonal demand, will be increasingly affected by changing trends, increasing variability, greater extremes and large inter-annual variations in climate parameters in some regions. All evidence suggests that adaptation is not an optional add-on but an essential reckoning on par with other business risks. Existing energy infrastructure, new infrastructure and future planning need to consider emerging climate conditions and impacts on design, construction, operation, and maintenance. Integrated risk-based planning processes will be critical to address the climate change impacts and harmonize actions within and across sectors. Also, awareness, knowledge, and capacity impede mainstreaming of climate adaptation into the energy sector. However, the formal knowledge base is still nascent?information needs are complex and to a certain extent regionally and sector specific. This report provides an up-to-date compendium of what is known about weather variability and projected climate trends and their impacts on energy service provision and demand. It discusses emerging practices and tools for managing these impacts and integrating climate considerations into planning processes and operational practices in an environment of uncertainty. It focuses on energy sector adaptation, rather than mitigation which is not discussed in this report. This report draws largely on available scientific and peer-reviewed literature in the public domain and takes the perspective of the developing world to the extent possible."


Enhancing the Resilience of the Nation's Electricity System

Enhancing the Resilience of the Nation's Electricity System

Author: National Academies of Sciences, Engineering, and Medicine

Publisher: National Academies Press

Published: 2017-10-25

Total Pages: 171

ISBN-13: 0309463076

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Americans' safety, productivity, comfort, and convenience depend on the reliable supply of electric power. The electric power system is a complex "cyber-physical" system composed of a network of millions of components spread out across the continent. These components are owned, operated, and regulated by thousands of different entities. Power system operators work hard to assure safe and reliable service, but large outages occasionally happen. Given the nature of the system, there is simply no way that outages can be completely avoided, no matter how much time and money is devoted to such an effort. The system's reliability and resilience can be improved but never made perfect. Thus, system owners, operators, and regulators must prioritize their investments based on potential benefits. Enhancing the Resilience of the Nation's Electricity System focuses on identifying, developing, and implementing strategies to increase the power system's resilience in the face of events that can cause large-area, long-duration outages: blackouts that extend over multiple service areas and last several days or longer. Resilience is not just about lessening the likelihood that these outages will occur. It is also about limiting the scope and impact of outages when they do occur, restoring power rapidly afterwards, and learning from these experiences to better deal with events in the future.


Measuring and Valuing Resilience: A Literature Review for the Power Sector

Measuring and Valuing Resilience: A Literature Review for the Power Sector

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Publisher:

Published: 2023

Total Pages: 0

ISBN-13:

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The New York State Energy Research and Development Authority (NYSERDA) partnered with NREL to address some of the key research needs for New York State in advancing power sector resilience. NYSERDA requested a literature review specifically focused on measuring and valuing energy resilience to identify existing work and gaps in research to inform NYSERDA's energy resilience efforts. While the costs of resilience investments are relatively well known, it is also important to adequately convey the benefits of these investments. This often means assigning metrics and estimating the dollar value of potential advantages of resilience enhancements.


Power Systems Resilience

Power Systems Resilience

Author: Naser Mahdavi Tabatabaei

Publisher: Springer

Published: 2018-08-16

Total Pages: 366

ISBN-13: 3319944428

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This book presents intuitive explanations of the principles and applications of power system resiliency, as well as a number of straightforward and practical methods for the impact analysis of risk events on power system operations. It also describes the challenges of modelling, distribution networks, optimal scheduling, multi-stage planning, deliberate attacks, cyber-physical systems and SCADA-based smart grids, and how to overcome these challenges. Further, it highlights the resiliency issues using various methods, including strengthening the system against high impact events with low frequency and the fast recovery of the system properties. A large number of specialists have collaborated to provide innovative solutions and research in power systems resiliency. They discuss the fundamentals and contemporary materials of power systems resiliency, theoretical and practical issues, as well as current issues and methods for controlling the risk attacks and other threats to AC power systems. The book includes theoretical research, significant results, case studies, and practical implementation processes to offer insights into electric power and engineering and energy systems. Showing how systems should respond in case of malicious attacks, and helping readers to decide on the best approaches, this book is essential reading for electrical engineers, researchers and specialists. The book is also useful as a reference for undergraduate and graduate students studying the resiliency and reliability of power systems.


Building and Measuring Community Resilience

Building and Measuring Community Resilience

Author: National Academies of Sciences, Engineering, and Medicine

Publisher: National Academies Press

Published: 2019-05-26

Total Pages: 153

ISBN-13: 0309489725

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The frequency and severity of disasters over the last few decades have presented unprecedented challenges for communities across the United States. In 2005, Hurricane Katrina exposed the complexity and breadth of a deadly combination of existing community stressors, aging infrastructure, and a powerful natural hazard. In many ways, the devastation of Hurricane Katrina was a turning point for understanding and managing disasters, as well as related plan making and policy formulation. It brought the phrase "community resilience" into the lexicon of disaster management. Building and Measuring Community Resilience: Actions for Communities and the Gulf Research Program summarizes the existing portfolio of relevant or related resilience measurement efforts and notes gaps and challenges associated with them. It describes how some communities build and measure resilience and offers four key actions that communities could take to build and measure their resilience in order to address gaps identified in current community resilience measurement efforts. This report also provides recommendations to the Gulf Research Program to build and measure resilience in the Gulf of Mexico region.


Decision Making Under Uncertainty in Electricity Markets

Decision Making Under Uncertainty in Electricity Markets

Author: Antonio J. Conejo

Publisher: Springer Science & Business Media

Published: 2010-09-08

Total Pages: 549

ISBN-13: 1441974210

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Decision Making Under Uncertainty in Electricity Markets provides models and procedures to be used by electricity market agents to make informed decisions under uncertainty. These procedures rely on well established stochastic programming models, which make them efficient and robust. Particularly, these techniques allow electricity producers to derive offering strategies for the pool and contracting decisions in the futures market. Retailers use these techniques to derive selling prices to clients and energy procurement strategies through the pool, the futures market and bilateral contracting. Using the proposed models, consumers can derive the best energy procurement strategies using the available trading floors. The market operator can use the techniques proposed in this book to clear simultaneously energy and reserve markets promoting efficiency and equity. The techniques described in this book are of interest for professionals working on energy markets, and for graduate students in power engineering, applied mathematics, applied economics, and operations research.


Urban Energy Systems

Urban Energy Systems

Author: James Keirstead

Publisher: Routledge

Published: 2013

Total Pages: 338

ISBN-13: 0415529018

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This book analyses the technical and social systems that satisfy these needs and asks how methods can be put into practice to achieve this.


Resilience and Risk

Resilience and Risk

Author: Igor Linkov

Publisher: Springer

Published: 2017-08-01

Total Pages: 574

ISBN-13: 9402411232

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This volume addresses the challenges associated with methodology and application of risk and resilience science and practice to address emerging threats in environmental, cyber, infrastructure and other domains. The book utilizes the collective expertise of scholars and experts in industry, government and academia in the new and emerging field of resilience in order to provide a more comprehensive and universal understanding of how resilience methodology can be applied in various disciplines and applications. This book advocates for a systems-driven view of resilience in applications ranging from cyber security to ecology to social action, and addresses resilience-based management in infrastructure, cyber, social domains and methodology and tools. Risk and Resilience has been written to open up a transparent dialog on resilience management for scientists and practitioners in all relevant academic disciplines and can be used as supplement in teaching risk assessment and management courses.