Review on Economic Loss Assessment of Power Outages Article Swipe

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Computer science Power loss Power (physics) Economic impact analysis Reliability engineering Economic analysis Economic cost Job loss Electric power system Risk analysis (engineering) Economics Macroeconomics Business Engineering Microeconomics Agricultural economics Physics Quantum mechanics Unemployment

Shuai Mao , Wang Cheng-zhi , Shiwen Yu , Gen Hao , Jufang Yu , Hui Hou ·

YOU? · · 2018 · Open Access · · DOI: https://doi.org/10.1016/j.procs.2018.04.151 · OA: W2801299209

Power outage accidents will cause huge economic loss to the social economy. Therefore, it is very important to evaluate the economic loss of power outages. By summarizing the existing literature, this paper summarizes the economic impact caused by blackouts, and then it introduces the influence factors that cause the outage loss. Finally, the assessment methods to evaluate direct and indirect economic loss are summarized. Through the summary, it is found that there are many researches on direct economic loss of power outages, but there are few studies on the indirect economic loss of power outages. Finally, the application prospect of the power loss assessment methods is prospected.