Value of Service Studies & System Reliability Studies
Outages are estimated to cost the U.S. economy $80 billion dollars per year. But reducing the frequency and duration of outages also requires substantial costs (and, thus, increased rates). Power System Engineering, Inc. (PSE) can assist your utility in developing spending amounts and prioritization of projects that provide your customers with the best balance between electricity rates and reliable service. Through rigorous analysis, informed assumptions, and your in-house system knowledge defensible business cases of capital budgets and the order of projects to fund with that money can be developed and explained to regulators, management, and other stakeholders.
PSE’s studies adjust for both the “supply” curve and the “demand” curve for reliability. Utilities will differ in their abilities to offer reliable service depending on the external factors present within their service territories. PSE will adjust our recommendations based on your specific ability to supply reliable service. Likewise, different customers have different preferences or “willingness to pay” for reliable service. These different demands for reliable service are also be factored into the study.