Discover and read the best of Twitter Threads about #VoLL
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🔦New article out in The Electricity Journal 🔦
The quest to quantify the value of lost load: A critical review of the economics of power outages
Check-out paper below. Short summarizing thread incoming! 👇
#VoLL #gridreliability #poweroutages
sciencedirect.com/science/articl…
The quest to quantify the value of lost load: A critical review of the economics of power outages
Check-out paper below. Short summarizing thread incoming! 👇
#VoLL #gridreliability #poweroutages
sciencedirect.com/science/articl…
I distinguish applications of VoLL btwn: (1) cost-benefit analysis for centralized reliability-enhancing infrastructure investments & (2) decentralized demand rationing during electric supply shortages (like what’s discussed in @California_ISO this week).
Power outages resulting from supply shortage can often be mitigated by demand-side solutions like dynamic pricing or demand-response programs (and we need more of them!), which only need loose connection to VoLL estimation
