气候变化领域集成服务门户(CCPortal): Using insurance to manage reliability in the distributed electricity sector: Insights from an agent-based model

CCPortal

DOI	10.1016/j.enpol.2020.111251
	Using insurance to manage reliability in the distributed electricity sector: Insights from an agent-based model
	Fuentes R.; Sengupta A.
发表日期	2020
ISSN	0301-4215
卷号	139
英文摘要	High penetration of distributed technologies would call for a different way to manage electricity reliability for semi-independent households. One option could be to allow customers to withdraw power from the grid when their home system fails. This behavior, however, could constitute an existential threat for utilities: if consumers use the network less, and continue to pay according to their usage, the utility might be unable to recover its costs. This paper investigates whether the creation of a reliability insurance market would help to deal with these concerns. We propose a business model where utilities offer insurance to semi-independent, yet risk averse households, against the prospect of a blackout, when a pay as you go system is no longer available. With the use of an Agent Based Model, we test if contracts from this market can converge into a theoretical optimal contract where bounded perception of risks and losses impact the price of insurance and potential revenues of utilities. We find that such a market could exist as consumers efficiently transfer all or a portion of their risk to the utility, based on their willingness to pay and risk profiles, which allows them to avoid blackouts at the margin. © 2020
英文关键词	Agent based models; Distributed energy resources; New business models; Utilities of the future; Utility death spiral
学科领域	Autonomous agents; Commerce; Consumer behavior; Electronic trading; Energy resources; Insurance; Outages; Power quality; Reliability; Risk perception; Simulation platform; Agent-based model; Distributed Energy Resources; New business models; Utilities of the future; Utility death spiral; Computational methods; electricity industry; electricity supply; household energy; insurance system; model; risk perception; willingness to pay
语种	英语
scopus关键词	Autonomous agents; Commerce; Consumer behavior; Electronic trading; Energy resources; Insurance; Outages; Power quality; Reliability; Risk perception; Simulation platform; Agent-based model; Distributed Energy Resources; New business models; Utilities of the future; Utility death spiral; Computational methods; electricity industry; electricity supply; household energy; insurance system; model; risk perception; willingness to pay
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/118102
作者单位	King Abdullah Petroleum Studies and Research Center (KAPSARC), Saudi Arabia; Kent Business School, University of Kent, United Kingdom
推荐引用方式 GB/T 7714	Fuentes R.,Sengupta A.. Using insurance to manage reliability in the distributed electricity sector: Insights from an agent-based model[J],2020,139.
APA	Fuentes R.,&Sengupta A..(2020).Using insurance to manage reliability in the distributed electricity sector: Insights from an agent-based model.Energy Policy,139.
MLA	Fuentes R.,et al."Using insurance to manage reliability in the distributed electricity sector: Insights from an agent-based model".Energy Policy 139(2020).