Construct · 1 fields · 1 citations

value of lost load: a standalone construct

One name. One construct. A landmark on the map.

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value oflost load1 CONSTRUCTValue of lost loadSCHRÖDER · ENERGY ECONOMICS

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Energy economics

the value customers place on electricity they do not receive during an outage, used to plan how much reliability to buy.

In energy economics, value of lost load refers to the value customers place on electricity they do not receive during an outage, used to plan how much reliability to buy. This meaning comes from Schröder (2015) in Frontiers in Energy Research.[1]

Unit
Recovery means
Measured by

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Nearby constructs

energy5 fields · 10 citationsjingle · one word, five constructsload6 fields · 7 citationsjingle · one word, six constructsplace4 fields · 7 citationsjingle · one word, four constructs

References

  1. Schröder, T., & Kuckshinrichs, W. (2015). Value of Lost Load: An Efficient Economic Indicator for Power Supply Security? A Literature Review. Frontiers in Energy Research, 3. https://doi.org/10.3389/fenrg.2015.00055

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