Abstract
ABSTRACT This paper estimates the value of lost load (VoLL) for eleven new EU member countries in period 2004-2012 using a production function approach. The estimate is focused on the industrial sector. The main finding indicates that the VoLLs, also known as the value of security of electricity supply, vary significantly over time and across countries. The VoLLs exhibit an increasing trend in the countries under consideration. However, the period of the economic crisis made them more volatile. Furthermore, countries with higher levels of electricity use, more productive industrial sector, and/or higher level of gross domestic product per capita tend to have relatively lower estimates of the VoLL, and vice versa. Keywords value of lost load, production function, industry, new EU countries.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
