An Emerging Framework for the Probabilistic Cost- Benefit Analysis of the Reliability, Resiliency, and Adaptability of Electric Power Systems

  • Focus Area Electricity Sector Transitions Electricity Sector Transitions
  • Type Discussion paper
  • Date 07 July 2024
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Abstract

Probabilistic cost-benefit analyses of the reliability, resiliency, and adaptability of electric power systems can inform policymakers on how to efficiently reduce the frequency, magnitude, duration, and costs of power outages; how to cost-effectively improve the integration of variable and intermittent renewables; and how to enhance equitable outcomes. The elements needed for these analyses are available, and the computations are reasonably tractable due to the rapid improvements in the computational ability to conduct tens of thousands of detailed power system simulations quickly.

Authors

Frank Felder

Frank Felder

Visiting Researcher- Utilities & Renewables Frank is an engineer, energy policy analyst, and a visiting researcher at KAPSARC. Prior to joining KAPSARC, Frank was a…

Frank is an engineer, energy policy analyst, and a visiting researcher at KAPSARC. Prior to joining KAPSARC, Frank was a Research Professor at the School of Planning and Public Policy at Rutgers University, Director of the Rutgers Energy Institute, and Director of the Center for Energy, Economics and Environmental Policy. In those roles, he conducted original and applied research in the areas of electric power system modeling, clean energy policies, and climate change for academic foundations, government agencies, and energy utilities. He has also worked as an economic consultant and nuclear engineer.

Expertise

  • Energy Policy
  • Electricity Restructuring and Energy Modeling

Publications See all Frank Felder’s publications

Marie Petitet

Marie Petitet

Senior Fellow- Utilities & Renewables Marie is a Senior Fellow in the Utilities & Renewables Department. Since she joined KAPSARC in 2021, her research has…

Marie is a Senior Fellow in the Utilities & Renewables Department. Since she joined KAPSARC in 2021, her research has focused on power system modeling (KAPSARC Power Model), market designs for energy transitions, and framework analysis for reliable and resilient power systems.

Prior to joining KAPSARC, Marie worked as a Research Engineer within the Research and Development (R&D) unit of the utility group EDF in Paris, France. During her EDF journey, she worked on long-term and short-term electricity market design, the transmission grid at the European scale, and smart-charging opportunities for electric vehicles. Marie also worked as a researcher within the Market Department of the French Transmission System Operator RTE.

Marie holds a Ph.D. in Economics from Dauphine University, PSL (France), an M.Sc. in Environmental and Energy Economics from Ecole des Ponts ParisTech (France), and a M.Sc. in Engineering from ENSTA Institut Polytechnique de Paris (France).

Expertise

  • Electricity Markets
  • Power System Modeling
  • Electricity Market Design and Regulation
  • Energy Transition
  • Energy and Climate Policy

Publications See all Marie Petitet’s publications

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