Security of European electricity systems: conceptualizing the assessment criteria and core indicators

Nepal, Rabindra and Jamasb, Tooraj (2013) Security of European electricity systems: conceptualizing the assessment criteria and core indicators. International Journal of Critical Infrastructure Protection, 6 3-4: 182-196. doi:10.1016/j.ijcip.2013.07.001


Author Nepal, Rabindra
Jamasb, Tooraj
Title Security of European electricity systems: conceptualizing the assessment criteria and core indicators
Journal name International Journal of Critical Infrastructure Protection   Check publisher's open access policy
ISSN 1874-5482
2212-2087
Publication date 2013-12-01
Sub-type Article (original research)
DOI 10.1016/j.ijcip.2013.07.001
Volume 6
Issue 3-4
Start page 182
End page 196
Total pages 15
Place of publication Amsterdam, Netherlands
Publisher Elsevier
Language eng
Formatted abstract
Electricity systems have a central role to play in the transition towards a low carbon economy and the integration of renewable energy sources in the European Union (EU). However, European electricity networks face a diverse set of existing and new risks that can hamper the energy security of the member countries. This paper qualitatively and quantitatively assesses these risks given the changing operating framework characterized by market liberalization and network interconnectedness. Within this context, the paper primarily focuses on the risks from exceptional events and threats to European electricity systems. A simple ex ante risk assessment matrix is proposed to gauge the network risks and take preventative measures. This assessment mechanism can complement the existing ex post reliability and quality of supply performance standards and indicators used by policymakers and practitioners. The analysis presented in this paper suggests that economic risks pose the most serious and challenging threat to the evolving European electricity system.
Keyword Electricity networks
European Union
Energy security
Risks
Regulation
Q-Index Code C1
Q-Index Status Provisional Code
Institutional Status Non-UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Non HERDC
School of Economics Publications
 
Versions
Version Filter Type
Citation counts: TR Web of Science Citation Count  Cited 8 times in Thomson Reuters Web of Science Article | Citations
Scopus Citation Count Cited 11 times in Scopus Article | Citations
Google Scholar Search Google Scholar
Created: Mon, 18 Nov 2013, 19:39:24 EST by Rabindra Nepal on behalf of School of Economics