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A Sectoral Micro-Economic Approach to Scenario Selection and Development: The Case of the Greek Power Sector
Open AccessArticle

The Value of Lost Load for Sectoral Load Shedding Measures: The German Case with 51 Sectors

School of Business and Economics, RWTH Aachen University, Mathieustr. 10, 52074 Aachen, Germany
Academic Editor: Robert Lundmark
Energies 2016, 9(2), 116; https://doi.org/10.3390/en9020116
Received: 30 October 2015 / Revised: 27 January 2016 / Accepted: 28 January 2016 / Published: 19 February 2016
(This article belongs to the Special Issue Applied Energy System Modeling 2015)
The transition of the German electricity system towards a renewable, nuclear free and increasingly fluctuating power generation raises concerns about supply security. A possible contribution to solve this issue might lie in demand response or load shedding measures. The goal of our work is to monetarily quantify the consequences of power interruptions. The focus lies on power interruption costs in 51 economic sectors. Two input-output models are proposed to estimate the Value of Lost Load for each sector. The first does not take inter-linkages of the sectors and possible cascading effects on interruption costs into account. The second model is a new and innovative approach which is based on the Ghosh Input-Output model and which accounts for these effects. We assume that the first model is adequate to assess shorter power interruptions, whereas the second model might be more appropriate when estimating costs of longer interruptions. View Full-Text
Keywords: load shedding; cascade effects; Energiewende; input-output; inter-sectoral linkages; power interruptions; value of lost load; supply security load shedding; cascade effects; Energiewende; input-output; inter-sectoral linkages; power interruptions; value of lost load; supply security
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Praktiknjo, A. The Value of Lost Load for Sectoral Load Shedding Measures: The German Case with 51 Sectors. Energies 2016, 9, 116.

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