Quantifying the economic costs of power outages owing to extreme events: A systematic review

Archana Ghodeswar, Mahabir Bhandari and Bruce Hedman

Renewable and Sustainable Energy Reviews, 2025, vol. 207, issue C

Abstract: Quantifying the economic cost of long-duration power outages is crucial to justifying investments in resiliency and reliability improvements. However, extensive study on the subject complicates the identification of power outage costs and determining the most suitable approach to quantify them for an individual, specific facility, particularly in the context of extreme events.

Keywords: Economic cost; Power outage; Extreme weather; Systematic review; Investment justification; Reliability; Resiliency (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1016/j.rser.2024.114984

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