Growitsch, Christian, Malischek, Raimund, Nick, Sebastian and Wetzel, Heike (2015). The Costs of Power Interruptions in Germany: A Regional and Sectoral Analysis. Ger. Econ. Rev., 16 (3). S. 307 - 324. HOBOKEN: WILEY-BLACKWELL. ISSN 1468-0475

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Abstract

A high standard of security of electricity supply comes at serious electricity system costs. However, these system costs have to be balanced with the economic costs induced by an insecure supply of electricity. Following a macroeconomic approach, we analyze the economic costs imposed by potential power interruptions in Germany. Using an extensive dataset on industries and households, we estimate both Values of Lost Load and the associated hourly costs of power interruptions for different German regions and sectors. We find that interruption costs vary significantly over time, between sectors and regions. Peaking at midday on a Monday in December at 750 Mio Euro per hour, the average total national outage costs amount to approximately 430 Mio Euro per hour. A missing gigawatt hour creates average outage costs of about 7.6 Mio Euro.

Item Type: Journal Article
Creators:
CreatorsEmailORCIDORCID Put Code
Growitsch, ChristianUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Malischek, RaimundUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Nick, SebastianUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
Wetzel, HeikeUNSPECIFIEDUNSPECIFIEDUNSPECIFIED
URN: urn:nbn:de:hbz:38-398358
DOI: 10.1111/geer.12054
Journal or Publication Title: Ger. Econ. Rev.
Volume: 16
Number: 3
Page Range: S. 307 - 324
Date: 2015
Publisher: WILEY-BLACKWELL
Place of Publication: HOBOKEN
ISSN: 1468-0475
Language: English
Faculty: Unspecified
Divisions: Unspecified
Subjects: no entry
Uncontrolled Keywords:
KeywordsLanguage
OUTAGE COSTSMultiple languages
EconomicsMultiple languages
URI: http://kups.ub.uni-koeln.de/id/eprint/39835

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