Abstract
Asset management of aged asset infrastructure is of key concern to the electricity industry. The electricity industry has many long life and high-cost assets. There are many reasons for replacing or removing existing assets. The factors include unacceptable risk of asset failure, assets becoming redundant, asset capacity being insufficient to meet demand, assets unable to meet changed requirements for performance, and strategic decisions to move to new technologies.
End-of-life characteristics, processes, and failure modes for electricity industry assets are examined. The consequences of infrastructure aging are outlined. The consequences include system reliability and power quality deterioration, reduction in ability to meet company and regulatory performance targets, and regulatory and shareholder scrutiny.
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Notes
- 1.
The Commerce Commission of New Zealand is a government agency, which enforces legislation promoting competition in New Zealand markets. The Commerce Commission regulates some markets where there is little or no competition. The Commerce Commission is responsible for the regulation of distribution businesses in New Zealand.
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Ford, G.L. et al. (2022). Management of Aged Infrastructure. In: Ancell, G., et al. Power System Assets. CIGRE Green Books. Springer, Cham. https://doi.org/10.1007/978-3-030-85514-7_4
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DOI: https://doi.org/10.1007/978-3-030-85514-7_4
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