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Please use this identifier to cite or link to this item: http://hdl.handle.net/2262/49781

Title: An Estimate of the Value of Lost Load for Ireland
Author: LEAHY, EIMEAR
TOL, RICHARD S. J.
Author's Homepage: http://people.tcd.ie/tolr
http://people.tcd.ie/eileahy
Keywords: Ireland
value of lost load
electricity
data
US
Policy
Republic of Ireland
Issue Date: 2010
Publisher: ESRI
Citation: Leahy,Eimear; Tol,Richard S.J., An Estimate of the Value of Lost Load for Ireland, 2010
Series/Report no.: ESRI Working Paper;357
Abstract: This paper estimates the value of short term lost load in the all island electricity market which includes the Republic of Ireland and Northern Ireland. The value of lost load, also known as the value of security of electricity supply, is inferred using a production function approach. Detailed electricity use data for the Republic of Ireland allows us to estimate the value of lost load by time of day, time of week and type of user. We find that the value of lost load is highest in the residential sector in both the Republic of Ireland and Northern Ireland. Our results can be used to advise policy decisions in the case of supply outages and to encourage optimum supply security. In the context of this study short term is taken to be a matter of hours rather than days or weeks.
Description: PUBLISHED
URI: http://hdl.handle.net/2262/49781
Appears in Collections:Economics (Scholarly Publications)

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