The cost of electricity interruptions in Portugal: Valuing lost load by applying the production-function approach
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文摘

We estimate the average Value of Lost Load (VoLL) for Portugal in 5.12 €/kWh.

The used methodology is the production function, i.e. a macroeconomic approach.

The VoLL along typical days is presented and commented.

Comparison with the results obtained for other European countries is satisfactory.

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