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Economic Aspects  of   Space Weather  on the   Power Grid Space Weather Workshop 2008 Ben Damsky
Assume a model utility is hit 5,000 MW of generation 3,000 employees 3,000,000 population served 1,000,000 in a metropolit...
Consider costs from 2 viewpoints: The utility The whole society Method:
<ul><li>Consider costs for 3 different </li></ul><ul><li>storm magnitudes: </li></ul><ul><li>200A (Moderate) </li></ul><ul...
What does it cost a utility to respond to a GIC alert?
Stop trans maintenance work: - 50 men @ $50 per hour - 8 hours of stoppage   Total: $20K per day Cost to utility of GIC Re...
Use non-economic dispatch: - 20% of 5,000 MW - added cost $10/MWHr   Total: $100K per 10 hr Cost to utility of GIC Response
What does it cost a utility when a solar storm hits?
Loss of life to 5 xfrms: - Each  $100K   Total: $500K Moderate Storm (200 A) Cost to utility
Moderate Storm (200 A) Cost to utility
Loss of a GSU: - Profit  $50M - Depreciation $25M - Idle workers  $4M - Transformer  $1M Total: $80M Large Storm (400 A) C...
 
City without power: - Sales less fuel  $794M - Idle workers  $60M - Transformers  $20M Total: $874M Very Large Storm (800 ...
What does it cost society when a very  large solar storm hits?
US GNP $44,000 annual per capita - $170 per working day - Assume 80% lost: $136 - City of 1M people Total: $136M/day, $680...
City without power: - Reduced GNP  $8.8B Wide area outage: - Reduced GNP  $13.6B Total: $22.4B Very Large Storm (800 A) Co...
 
 
                                    
                                                                          Dorothea Lange
Possible utility costs of moderate, large  and very large GIC events
Possible societal costs of moderate, large  and very large GIC events
 
 
 
 
 
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Economic Aspects of Space Weather on the Power Grid

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Economic Aspects of Space Weather on the Power Grid

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  • 3wavelength image using 3 colors SOHO 26 November 2003
  • Transcript of "Economic Aspects of Space Weather on the Power Grid"

    1. 1. Economic Aspects of Space Weather on the Power Grid Space Weather Workshop 2008 Ben Damsky
    2. 2. Assume a model utility is hit 5,000 MW of generation 3,000 employees 3,000,000 population served 1,000,000 in a metropolitan area Method:
    3. 3. Consider costs from 2 viewpoints: The utility The whole society Method:
    4. 4. <ul><li>Consider costs for 3 different </li></ul><ul><li>storm magnitudes: </li></ul><ul><li>200A (Moderate) </li></ul><ul><li>400A (Large) </li></ul><ul><li>800A (Very Large) </li></ul>Method:
    5. 5. What does it cost a utility to respond to a GIC alert?
    6. 6. Stop trans maintenance work: - 50 men @ $50 per hour - 8 hours of stoppage Total: $20K per day Cost to utility of GIC Response
    7. 7. Use non-economic dispatch: - 20% of 5,000 MW - added cost $10/MWHr Total: $100K per 10 hr Cost to utility of GIC Response
    8. 8. What does it cost a utility when a solar storm hits?
    9. 9. Loss of life to 5 xfrms: - Each $100K Total: $500K Moderate Storm (200 A) Cost to utility
    10. 10. Moderate Storm (200 A) Cost to utility
    11. 11. Loss of a GSU: - Profit $50M - Depreciation $25M - Idle workers $4M - Transformer $1M Total: $80M Large Storm (400 A) Cost to utility
    12. 13. City without power: - Sales less fuel $794M - Idle workers $60M - Transformers $20M Total: $874M Very Large Storm (800 A) Cost to utility
    13. 14. What does it cost society when a very large solar storm hits?
    14. 15. US GNP $44,000 annual per capita - $170 per working day - Assume 80% lost: $136 - City of 1M people Total: $136M/day, $680M/week “ GNP” for a City
    15. 16. City without power: - Reduced GNP $8.8B Wide area outage: - Reduced GNP $13.6B Total: $22.4B Very Large Storm (800 A) Cost to society
    16. 19.                                  
    17. 20.                                                                          Dorothea Lange
    18. 21. Possible utility costs of moderate, large and very large GIC events
    19. 22. Possible societal costs of moderate, large and very large GIC events
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