This title appears in the Scientific Report :
2015
Please use the identifier:
http://hdl.handle.net/2128/9705 in citations.
Please use the identifier: http://dx.doi.org/10.3389/fenrg.2015.00055 in citations.
Value of Lost Load: An efficient economic indicator for power supply security? A literature review
Value of Lost Load: An efficient economic indicator for power supply security? A literature review
Security of electricity supply has become a fundamental requirement for well-functioning modern societies. Because of its central position in all sections of society, the present paper considers the economic consequences of a power supply interruption. The Value of Lost Load (VoLL) is a monetary ind...
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Personal Name(s): | Schröder, Thomas (Corresponding author) |
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Kuckshinrichs, Wilhelm | |
Contributing Institute: |
Systemforschung und Technologische Entwicklung; IEK-STE |
Published in: | Frontiers in energy research, 3 (2015) 55, S. 1-35 |
Imprint: |
Lausanne
Frontiers Media
2015
|
DOI: |
10.3389/fenrg.2015.00055 |
Document Type: |
Journal Article |
Research Program: |
Helmholtz Interdisciplinary Doctoral Training in Energy and Climate Research (HITEC) Assessment of Energy Systems – Addressing Issues of Energy Efficiency and Energy Security |
Link: |
OpenAccess OpenAccess |
Publikationsportal JuSER |
Please use the identifier: http://dx.doi.org/10.3389/fenrg.2015.00055 in citations.
Security of electricity supply has become a fundamental requirement for well-functioning modern societies. Because of its central position in all sections of society, the present paper considers the economic consequences of a power supply interruption. The Value of Lost Load (VoLL) is a monetary indicator expressing the costs associated with an interruption of electricity supply. This paper reviews different methods for calculating VoLL, provides an overview of recently published studies, and presents suggestions to increase the explanatory power and international comparability of VoLL. |