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Value of lost load

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The Value of Lost Load (VoLL) is the estimated amount that customers receiving electricity with firm contracts would be willing to pay to avoid a disruption in their electricity service. [1]

4 relations: Electric Power Research Institute, Electricity generation, Electricity market, Power outage.

Electric Power Research Institute

The Electric Power Research Institute (EPRI) conducts research on issues related to the electric power industry in USA.

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Electricity generation

Electricity generation is the process of generating electric power from other sources of primary energy.

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Electricity market

In economic terms, electricity (both power and energy) is a commodity capable of being bought, sold, and traded.

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Power outage

A power outage (also called a power cut, a power blackout, power failure or a blackout) is a short- or long-term loss of the electric power to an area.

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VOLL, Value of Lost Load (VoLL), VoLL.

References

[1] https://en.wikipedia.org/wiki/Value_of_lost_load

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