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Methodologies for characterising and valuing energy security — A short critical review

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Author

Summary, in English

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.

Publishing year

2012

Language

English

Pages

1-8

Publication/Series

[Host publication title missing]

Document type

Conference paper

Publisher

IEEE - Institute of Electrical and Electronics Engineers Inc.

Topic

  • Energy Systems

Keywords

  • Diversity methods
  • Energy
  • Energy security
  • Indexes
  • Portfolios
  • Reliability
  • Resilience
  • Security of supply
  • Supply security
  • Valuation methods
  • Vulnerabilities

Conference name

9th International Conference on the European Energy Market (EEM)

Conference date

2012-05-10

Conference place

Florence, Italy

Status

Published

ISBN/ISSN/Other

  • ISSN: 2165-4077
  • ISBN: 978-1-4673-0834-2