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).
If you like to get wonky with electricity rate design, this paper (and thread) may be for you. We’ll have it all: fixed charges, grid defection, solar, storage, reliability, and maps to tell the story.
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Paper title: “Should I stay or should I go? The importance of electricity rate design for grid defection” out in Applied Energy.