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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.

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

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

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

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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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