Measuring electricity security risk

Dakpogan, Arnaud and Smit, Eon (2018): Measuring electricity security risk.

Abstract

The current study has developed a composite index to measure electricity security risk. It has used a set of eight different indicators and index-governance index, efficiency rate, self-sufficiency rate, ratio of urban access to urbanization rate, rate of access, GDP per capita as percentage of the world average GDP per capita, the share of GDP not dedicated to electricity expenditures, the share of renewable electricity in total supply- to construct the composite index of electricity security. The method used was the geometric mean. Results showed that Benin is among countries that have a very high level of disruption risk to electricity supply. Results also indicated that Norway has the lowest level of disruption risk, followed by Denmark, Sweden, Switzerland and other OECD countries. Many African countries have a very high level of disruption risk and Liberia and Niger have the highest disruption risk to electricity supply. Countries of Latin America, Eastern Europe, North Africa and some countries of the Middle East and Asia have a medium level of disruption risk to electricity supply.

• Item Type: MPRA Paper
• Language: English
• Keywords: Disruption risk, Electricity security, Electricity supply, index
• Subjects: Q - Agricultural and Natural Resource Economics ; Environmental and Ecological Economics > Q4 - Energy > Q48 - Government Policy

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