Economic Value of Reliability to Consumers

The EMP Group sponsors a publicly available web-based tool, the Interruption Cost Estimation (ICE) Calculator, which provides information to decision makers on the economic costs of power interruptions to businesses and residences.

The economic costs that power interruptions impose on businesses and residences are a critical consideration when making decisions that affect the future reliability and resilience of the electric power system. The Interruption Cost Estimation (ICE) Calculator, a Berkeley Lab-sponsored, publicly available web-based tool, provides decision makers with information they need to analyze those economic costs of power interruptions. Based on more than 20 years of utility-sponsored surveys on the costs of power interruptions to customers, Berkeley Lab developed the tool through close partnerships with industry. To ensure its continued effectiveness, the EMP Group continues to augment it with research on the latest methods for collecting and developing information on the economic consequences of power interruptions on businesses, residences, and society at large.

2018

2016

Mills, Evan, and Richard B Jones. "An Insurance Perspective on U.S. Electric Grid Disruption Costs." The Geneva Papers on Risk and Insurance - Issues and Practice 41.4 (2016) 555 - 586. LBNL-1006392.
Schellenberg, Josh A, Barney Speckman, and Joseph H Eto. "Integrating customer interruption costs into outage management systems." IEEE Transmission and Distribution Conference. IEEE, 2016. LBNL-1006116.

2015

2010

Sullivan, Michael J, Matthew G Mercurio, Josh A Schellenberg, and Joseph H Eto. "How to Estimate the Value of Service Reliability Improvements." IEEE Power and Energy Society General Meeting. Minneapolis, MN: IEEE, 2010. 5. LBNL-3592E.

2009

2006

2003

2001