Analysis, control, and economic impact assessment of major blackout events

Koji Yamashita, Sung-Kwan Joo, Juan Li, Pei Zhang, Chen Ching Liu

Research output: Contribution to journalArticle

40 Citations (Scopus)

Abstract

Recent large-scale blackouts in North America, Europe, and other countries raised great concerns over the reliability of our electric energy infrastructure and the economic impacts of blackouts. These blackouts were caused by a cascading sequence of events involving line outages, overloading of other lines, malfunctions of protection systems, power oscillations and voltage problems, and system separation and collapse. In this paper, common characteristics of blackouts are identified by analyzing the cascaded events of the blackouts. It is important to take appropriate control actions to alleviate overload and emergency conditions in a power system in order to avoid catastrophic power outages. This paper discusses available control procedures and emergency control systems needed to help prevent catastrophic outages. Economic losses from these blackouts in the U.S., Europe, and other countries were significant. An evaluation of the economic costs of blackouts can be used to estimate the benefits of emergency control systems that can be installed to prevent blackouts. This paper provides an overview of the assessment methods and procedures for evaluation of the economic costs of blackouts. This paper also describes the generic procedure of an event study to measure the economic impact of blackouts on the values of the firms in financial markets.

Original languageEnglish
Pages (from-to)854-871
Number of pages18
JournalEuropean Transactions on Electrical Power
Volume18
Issue number8
DOIs
Publication statusPublished - 2008 Nov 1

Fingerprint

Economics
Outages
Emergency
Power System
Control System
Control systems
Line
Evaluation
Costs
Overload
Financial Markets
Infrastructure
Voltage
Oscillation
Electric potential
Energy
Estimate

Keywords

  • Blackouts
  • Cascaded events
  • Emergency control
  • Event study
  • Outage cost

ASJC Scopus subject areas

  • Electrical and Electronic Engineering
  • Energy Engineering and Power Technology

Cite this

Analysis, control, and economic impact assessment of major blackout events. / Yamashita, Koji; Joo, Sung-Kwan; Li, Juan; Zhang, Pei; Liu, Chen Ching.

In: European Transactions on Electrical Power, Vol. 18, No. 8, 01.11.2008, p. 854-871.

Research output: Contribution to journalArticle

Yamashita, Koji ; Joo, Sung-Kwan ; Li, Juan ; Zhang, Pei ; Liu, Chen Ching. / Analysis, control, and economic impact assessment of major blackout events. In: European Transactions on Electrical Power. 2008 ; Vol. 18, No. 8. pp. 854-871.
@article{b5f74e6fb209466aa0bf9f42826b2344,
title = "Analysis, control, and economic impact assessment of major blackout events",
abstract = "Recent large-scale blackouts in North America, Europe, and other countries raised great concerns over the reliability of our electric energy infrastructure and the economic impacts of blackouts. These blackouts were caused by a cascading sequence of events involving line outages, overloading of other lines, malfunctions of protection systems, power oscillations and voltage problems, and system separation and collapse. In this paper, common characteristics of blackouts are identified by analyzing the cascaded events of the blackouts. It is important to take appropriate control actions to alleviate overload and emergency conditions in a power system in order to avoid catastrophic power outages. This paper discusses available control procedures and emergency control systems needed to help prevent catastrophic outages. Economic losses from these blackouts in the U.S., Europe, and other countries were significant. An evaluation of the economic costs of blackouts can be used to estimate the benefits of emergency control systems that can be installed to prevent blackouts. This paper provides an overview of the assessment methods and procedures for evaluation of the economic costs of blackouts. This paper also describes the generic procedure of an event study to measure the economic impact of blackouts on the values of the firms in financial markets.",
keywords = "Blackouts, Cascaded events, Emergency control, Event study, Outage cost",
author = "Koji Yamashita and Sung-Kwan Joo and Juan Li and Pei Zhang and Liu, {Chen Ching}",
year = "2008",
month = "11",
day = "1",
doi = "10.1002/etep.304",
language = "English",
volume = "18",
pages = "854--871",
journal = "International Transactions on Electrical Energy Systems",
issn = "1430-144X",
publisher = "John Wiley and Sons Ltd",
number = "8",

}

TY - JOUR

T1 - Analysis, control, and economic impact assessment of major blackout events

AU - Yamashita, Koji

AU - Joo, Sung-Kwan

AU - Li, Juan

AU - Zhang, Pei

AU - Liu, Chen Ching

PY - 2008/11/1

Y1 - 2008/11/1

N2 - Recent large-scale blackouts in North America, Europe, and other countries raised great concerns over the reliability of our electric energy infrastructure and the economic impacts of blackouts. These blackouts were caused by a cascading sequence of events involving line outages, overloading of other lines, malfunctions of protection systems, power oscillations and voltage problems, and system separation and collapse. In this paper, common characteristics of blackouts are identified by analyzing the cascaded events of the blackouts. It is important to take appropriate control actions to alleviate overload and emergency conditions in a power system in order to avoid catastrophic power outages. This paper discusses available control procedures and emergency control systems needed to help prevent catastrophic outages. Economic losses from these blackouts in the U.S., Europe, and other countries were significant. An evaluation of the economic costs of blackouts can be used to estimate the benefits of emergency control systems that can be installed to prevent blackouts. This paper provides an overview of the assessment methods and procedures for evaluation of the economic costs of blackouts. This paper also describes the generic procedure of an event study to measure the economic impact of blackouts on the values of the firms in financial markets.

AB - Recent large-scale blackouts in North America, Europe, and other countries raised great concerns over the reliability of our electric energy infrastructure and the economic impacts of blackouts. These blackouts were caused by a cascading sequence of events involving line outages, overloading of other lines, malfunctions of protection systems, power oscillations and voltage problems, and system separation and collapse. In this paper, common characteristics of blackouts are identified by analyzing the cascaded events of the blackouts. It is important to take appropriate control actions to alleviate overload and emergency conditions in a power system in order to avoid catastrophic power outages. This paper discusses available control procedures and emergency control systems needed to help prevent catastrophic outages. Economic losses from these blackouts in the U.S., Europe, and other countries were significant. An evaluation of the economic costs of blackouts can be used to estimate the benefits of emergency control systems that can be installed to prevent blackouts. This paper provides an overview of the assessment methods and procedures for evaluation of the economic costs of blackouts. This paper also describes the generic procedure of an event study to measure the economic impact of blackouts on the values of the firms in financial markets.

KW - Blackouts

KW - Cascaded events

KW - Emergency control

KW - Event study

KW - Outage cost

UR - http://www.scopus.com/inward/record.url?scp=56749177507&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=56749177507&partnerID=8YFLogxK

U2 - 10.1002/etep.304

DO - 10.1002/etep.304

M3 - Article

VL - 18

SP - 854

EP - 871

JO - International Transactions on Electrical Energy Systems

JF - International Transactions on Electrical Energy Systems

SN - 1430-144X

IS - 8

ER -