Berkeley Lab, Innovative Resources for Modernizing Outage Cost Estimation Calculator
Berkeley Laboratory and Resource Innovations have joined forces with modernize an online tool designed to estimate economic costs outages in support of utilities, policymakers, and other stakeholders seeking to improve the reliability and resilience of the U.S. electrical system.
The public-private partnership will survey customers of the sponsoring utilities, analyze the responses, and use this data to fully update and upgrade the Interruption Cost Estimate Calculator.
The tool currently uses information from more than 100,000 U.S. customer responses from 34 utility-sponsored surveys dating from 1989 and 2012. Planned updates will pull customer data from American Electric Power, Dominion Energy, Duke Energy, DTE Energy, Exelon and National Grid, among other utility sponsors.
“The ICE Calculator is an important tool that utilities can use when working with regulators and policymakers to plan the investments needed to provide customers with affordable, reliable, secure and resilient clean electricity,” said Phil. Moeller, executive vice president of the company. operations and regulatory affairs group at EEI.
He added that the modernization of the ICE Calculator would help stakeholders better assess the benefits of investments in energy grid resilience.
The initial development of the tool was funded by the Department of Energy’s Office of Electricity.