Geomagnetic storms: Potential economic impacts on electric utilities

Mathematics – Probability

Scientific paper

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Demand (Economics), Electric Power Plants, Geomagnetism, Magnetic Storms, Solar Wind, Utilities, Bursts, Costs, Planning, Probability Theory, Solar Flares, Solar X-Rays, Sudden Ionospheric Disturbances, Sunspots, Transmission Lines

Scientific paper

Geomagnetic storms associated with sunspot and solar flare activity can disturb communications and disrupt electric power. A very severe geomagnetic storm could cause a major blackout with an economic impact of several billion dollars. The vulnerability of electric power systems in the northeast United States will likely increase during the 1990s because of the trend of transmitting large amounts of power over long distance to meet the electricity demands of this region. A comprehensive research program and a warning satellite to monitor the solar wind are needed to enhance the reliability of electric power systems under the influence of geomagnetic storms.

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