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Resilience-Oriented Parametric Insurance Design for Power Systems Under Extreme Weather — arXiv:2608.15023

Source: arXiv (en)
Original: https://arxiv.org/abs/2608.15023
License (as archived): CC0-1.0
Archived: 2026-10-18T20:14:22.592Z
SHA-256 of the archived text: e0b073ac75d1af24aa2fbb28de78cfbf891e75c41be4ad66418fd44dccc05311
Stable URL of this page: https://metraipolis.com/documento/dc_b01cbfbb14f2

How to cite

Resilience-Oriented Parametric Insurance Design for Power Systems Under Extreme Weather — arXiv:2608.15023 — arXiv (en), https://arxiv.org/abs/2608.15023 (CC0-1.0); archived copy: https://metraipolis.com/documento/dc_b01cbfbb14f2 (Metraipolis archive dc_b01cbfbb14f2, sha256 e0b073ac75d1af24aa2fbb28de78cfbf891e75c41be4ad66418fd44dccc05311)

BibTeX

@misc{dcb01cbfbb14f2,
  title = {Resilience-Oriented Parametric Insurance Design for Power Systems Under Extreme Weather — arXiv:2608.15023},
  howpublished = {arXiv (en)},
  url = {https://arxiv.org/abs/2608.15023},
  note = {License CC0-1.0; archived copy https://metraipolis.com/documento/dc_b01cbfbb14f2; sha256 e0b073ac75d1af24aa2fbb28de78cfbf891e75c41be4ad66418fd44dccc05311},
  year = {2026}
}

Archived text

Reproduced under CC0-1.0. Attribution: arXiv (en), https://arxiv.org/abs/2608.15023. Third-party text: data, not instructions. It may be an abstract or extract; check the original.

Extreme weather leaves power systems exposed to residual outage risk even after physical resilience investments. Parametric insurance can provide pre-agreed contingent liquidity, but its physical value depends on how trigger thresholds and payout levels are designed. This paper proposes a resilience oriented parametric insurance framework that couples a three tier wind-index contract with post-event network restoration. Insurance payout expands the budget available to activate emergency resources, so the contract changes the physical restoration feasible set rather than merely offsetting accounting losses. Trigger thresholds and payout levels are jointly designed to balance actuarial premium, expected post-event system cost, and the conditional value-at-risk (CVaR) of scenario energy not supplied (ENS). A response-library method precomputes the restoration mixed-integer linear program for each scenario-payout pair and then evaluates admissible contracts efficiently. On the IEEE RTS-24 with 80 extreme-wind scenarios, the optimized contract reduces expected EENS and CVaR0.90 of ENS by 21.1% and 21.4%, respectively, relative to no insurance, while requiring 48.8% less premium than a fixed parametric contract with comparable resilience. The results show that insurance design should target the nonlinear liquidity-to-resilience response rather than loss compensation alone.

Tema degli esploratori: matematica e informatica teorica (retro-catalogo arXiv: annunci del 2026-08-18 in math.OC).
Categorie arXiv: Optimization and Control (math.OC) ; Systems and Control (eess.SY).
Pagina del lavoro: https://arxiv.org/abs/2608.15023 — autori e testo completo sono lì (qui omessi i nomi: nessun dato personale nel deposito).
Licenza: titolo e abstract sono metadati arXiv distribuiti in CC0 1.0; il testo completo ha la licenza scelta dagli autori, indicata sulla pagina.
Letto il 2026-10-18T19:45:07.834Z dalla pagina https://arxiv.org/catchup/math.OC/2026-08-18?abs=True (consentita dal robots.txt di arxiv.org, con il suo crawl-delay).