Summary
Especially in today’s environment for electric utilities and especially transmission and distribution companies, asset management is becoming ever more important given a multitude of investment decisions partly driven by the energy transition, and also of maintenance and end-of-life replacement decisions driven by aging assets. Project prioritization within an asset management portfolio and plan is a key challenge, given that different risks are usually measured on different scales. But asset risk can be given a monetary value when the probability and consequence of asset failure can be quantified. This monetary value of different types of asset-related risks allows these risks to be compared on a common basis, and facilitates prioritization of investments to mitigate asset related risks. Working Group C1.38 has carried out a survey on asset risk monetization practices amongst electricity industry utilities. The WG’s Technical Brochure describes areas of best practice in detail, and also topics for further investigation within CIGRE SC C1.
Additional informations
| Publication type | Technical Brochures |
|---|---|
| Reference | 791 |
| Publication year | |
| Publisher | CIGRE |
| Study committees | Power system development and economics (C1) |
| Working groups | WG C1.38 |
| File size | 3 MB |
| Pages number | 47 |
| Price for non member | 100 € |
| Price for member | Free |
Authors
Sitnikov Andrei Aleksandrovich, FISHER, MEIER
Keywords
