Financial Hazard Prediction Due to Power Outages Associated with Severe Weather-Related Natural Disaster Categories

Severe weather conditions not only damage electric power infrastructure, and energy systems, but also affect millions of users, including residential, commercial or industrial consumers. Moreover, outages due to weather-related natural disasters have been causing financial losses worth billions US dollars. In this paper, we analyze the impact on revenue suppliers, particularly top five disasters. For purpose, reliable publicly available outage events data are considered. The provide time event, geographic region, electricity consumption tariffs, social economic indicators, climatological annotation, consumer category distribution, population land area, so forth. An exploratory analysis is carried out reveal associated risk. catastrophic disaster categories investigated individually predict related loss. most influencing parameters contributing efficient prediction identified their partial dependence loss illustrated. It was found that with a function several parameters, duration, number customers, tariffs indicators. findings research will help suppliers estimate risk, as well authorities make risk-informed decisions regarding infrastructure systems planning.