Power Failure - Risks? - R+V Versicherung
Power Failure - Risks? - R+V Versicherung
Power Failure - Risks? - R+V Versicherung
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Causes – overview<br />
• Climate change – storms, lightning, floods, cold/heat waves – often<br />
leads to increased demand<br />
• Earthquake – can lead to failure of production, e.g. 12 th March 2011,<br />
tsunami that hit Japan<br />
• Solar storm – the sun may produce violent solar storms or mass<br />
ejections which have the ability to generate a electromagnetic pulse<br />
(EMP) could shut down all electronic devices!<br />
NASA High risk date 21 st December 2012<br />
• Mega cities – increased demand – India<br />
• Lack of investment, aging infrastructure<br />
• Increased volatility of solar and wind power can interrupt transmission<br />
• Human error – Europe 2006<br />
• Terrorism<br />
• Cyber attack – UK Security Services recently warned “credible threats<br />
to cyber security of an unprecedented scale, diversity and complexity”.