Interconnected Risks in Electricity Systems: Understanding Research Challenges, Needs, and Partnerships

Research output: NRELTechnical Report

Abstract

The U.S. federal government has a potential role in mitigating the most poorly addressed risks across electricity markets and interdependent systems. Electricity system risks stem from extreme acute shocks (e.g., cyberattacks, extreme weather, and supply chain disruptions) and chronic stressors (e.g., global economic competition, uncertainties surrounding emerging technologies, climate change, and related conflicts). These acute shocks and chronic stressors can result in dire consequences for society, underscoring the need for better information for decision makers in both public and private sectors. Best practices and a shared understanding of risk management and risk quantification must be rapidly developed and disseminated. Informed by a quantitative treatment of risk to electrical infrastructure and interdependent systems, decision makers can more prudently and efficiently prioritize mitigation initiatives to maximize benefits to government, businesses, and the public.
Original languageAmerican English
Number of pages19
StatePublished - 2025

NREL Publication Number

  • NREL/TP-5R00-90869

Keywords

  • all hazards
  • risk quantification
  • workshop

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