Overview
Docs
Introduction
The green transition will require significant investment in utility infrastructure. Many countries have restrictive income caps or fixed tariffs that do not allow for investment to support the electrification of transport, heating and agricultural processes.
Probability of failure
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Consequences of failure
The CNAIM methodology’s second key element is the consequence of a failure. When combined with probability of failure, the consequences of failure can be used to derive the monetary network risk.
Monetary risk
Once probability of failure and consequences of failure have been calculated for each asset, monetary risk is calculated as: \(Risk = PoF \cdot CoF\)
Fault analysis
Ensuring probability of failure is not systematically under/overestimated, or overfitted by adding too many explanatory variables, is of particular concern for regulators who must ensure revenue caps are neither too high nor too low.
Development roadmap
We are pursuing an aggressive development plan in 2022 for our public CNAIM R package, including: MAY - Anonymous fault statistics dataset from one British DNO - Vectorization of all functions to improve performance, especially when assets > 100k