Abstract

There is a variety of work in progress at NREL that is evaluating the value of resiliency. This presentation summarizes of this ongoing work, which including: 1. The development of quantitative resilience metrics for the power system. 2. The implementation of quantitative, performance-based resilience metrics into existing models and tools 3. Methods for valuing resilience, including a time-varying value of lost load. 4. The extent to which accounting for performance-based resilience metrics and/or the value of resilience could impact investment (planning) decisions related to electricity supply. 5. Developing and implementing a consistent valuation methodology for resilience distribution system field validation projects.
Original languageAmerican English
Number of pages19
StatePublished - 2019

Publication series

NamePresented at the FAASSTeR Stakeholder Workshop and Seminar, 24-26 June 2019, Gainesville, Florida

NREL Publication Number

  • NREL/PR-6A20-74258

Keywords

  • investment planning
  • lost load
  • metrics
  • quantitative resilience
  • time varying

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