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

Månsson, André LU ; Johansson, Bengt LU and Nilsson, Lars J LU (2012) 9th International Conference on the European Energy Market (EEM) In [Host publication title missing] p.1-8
Abstract
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... (More)
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. (Less)
Please use this url to cite or link to this publication:
author
organization
publishing date
type
Chapter in Book/Report/Conference proceeding
publication status
published
subject
keywords
Diversity methods, Energy, Energy security, Indexes, Portfolios, Reliability, Resilience, Security of supply, Supply security, Valuation methods, Vulnerabilities
in
[Host publication title missing]
pages
8 pages
publisher
IEEE--Institute of Electrical and Electronics Engineers Inc.
conference name
9th International Conference on the European Energy Market (EEM)
external identifiers
  • wos:000321504700107
  • scopus:84866786905
ISSN
2165-4077
ISBN
978-1-4673-0834-2
DOI
10.1109/EEM.2012.6254752
language
English
LU publication?
yes
id
a76369ea-0cff-49e4-8d32-92174e0f8b3c (old id 2969584)
date added to LUP
2012-09-20 10:53:36
date last changed
2017-06-04 04:05:26
@inproceedings{a76369ea-0cff-49e4-8d32-92174e0f8b3c,
  abstract     = {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.},
  author       = {Månsson, André and Johansson, Bengt and Nilsson, Lars J},
  booktitle    = {[Host publication title missing]},
  isbn         = {978-1-4673-0834-2},
  issn         = {2165-4077},
  keyword      = {Diversity methods,Energy,Energy security,Indexes,Portfolios,Reliability,Resilience,Security of supply,Supply security,Valuation methods,Vulnerabilities},
  language     = {eng},
  pages        = {1--8},
  publisher    = {IEEE--Institute of Electrical and Electronics Engineers Inc.},
  title        = {Methodologies for characterising and valuing energy security — A short critical review},
  url          = {http://dx.doi.org/10.1109/EEM.2012.6254752},
  year         = {2012},
}