Monetization methods for evaluating investments in electricity system resilience to extreme weather and climate change
Title
Monetization methods for evaluating investments in electricity system resilience to extreme weather and climate change
Subject
Adaptation
Climate change
Cost-Benefit analysis
Electricity resilience
Extreme weather
Vulnerabilities
Description
Extreme weather events and associated damages have been increasing and these trends are expected to continue. Actions are being taken to enhance electricity system resilience. However, the justification for capital investments on resilience requires utilities to justify that the economic benefits outweigh the costs. This paper reviews the types of resilience measures being analyzed in cost-benefit analyses and addresses opportunities for improvement in characterizing the benefits for investments that enhance the resilience of electricity systems.
106641
32
Creator
Zamuda, Craig D.
Larsen, Peter H.
Collins, Myles T.
Bieler, Stephanie
Schellenberg, Josh
Hees, Shannon
Publisher
The Electricity Journal
Date
2019
Type
journalArticle
Identifier
1040-6190
10.1016/j.tej.2019.106641
URL
https://www.sciencedirect.com/science/article/pii/S104061901930185X
Citation
Zamuda, Craig D. et al., “Monetization methods for evaluating investments in electricity system resilience to extreme weather and climate change,” Lamar University Midstream Center Research, accessed May 14, 2024, https://lumc.omeka.net/items/show/26740.