The costs of electricity interruptions in Spain. Are we sending the right signals?

Pedro Linares () and Luis Rey ()

Working Papers from Economics for Energy

Abstract: One of the objectives of energy security is the uninterrupted physical availability of energy. However, there is limited information about how much is the cost of energy supply interruptions. This information is essential to optimize investment and operating decisions to prevent energy shortages. In this paper, we estimate the economic impact of an electricity interruption in diferent sectors and regions of Spain. We find that in 2008 the cost for the Spanish economy of one kWh of electricity not supplied was around e6, which is much higher than the signals sent for the operation of the power system. This would mean that we are underinvesting in short-term energy security.

Keywords: Energy security; electricity interruptions; value of lost load; Spain (search for similar items in EconPapers)
JEL-codes: L94 Q40 Q41 (search for similar items in EconPapers)
Pages: 28 pages
Date: 2012-04
New Economics Papers: this item is included in nep-ene and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Journal Article: The costs of electricity interruptions in Spain. Are we sending the right signals? (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:efe:wpaper:fa05-2012

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