Methodologies for characterising and valuing energy security — A short critical review

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Security of supply is widely addressed in the academia. In this paper we conduct a review of methodologies, discuss strengths and weaknesses and identify areas that would benefit from further research and methodology development. A distinction is made between methodologies used to assess general vulnerability and those that value the outcome of insecurity by testing how energy systems respond to disturbances. The former group contains methods that value scarcity of primary fuels, reliable infrastructure, import dependence, economic factors, diversity and those that are used to simultaneously analyse several of these aspects. Disturbances that are analysed are shortage of primary fuel, system failure (caused deliberately or accidently), the end users' cost of a power outage and price spikes.
Original languageEnglish
Title of host publication[Host publication title missing]
PublisherIEEE - Institute of Electrical and Electronics Engineers Inc.
Number of pages8
ISBN (Print)978-1-4673-0834-2
Publication statusPublished - 2012
Event9th International Conference on the European Energy Market (EEM) - Florence, Italy
Duration: 2012 May 10 → …

Publication series

ISSN (Print)2165-4077


Conference9th International Conference on the European Energy Market (EEM)
Period2012/05/10 → …

Subject classification (UKÄ)

  • Energy Systems


  • Diversity methods
  • Energy
  • Energy security
  • Indexes
  • Portfolios
  • Reliability
  • Resilience
  • Security of supply
  • Supply security
  • Valuation methods
  • Vulnerabilities


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