Valuing energy supply security – methodological approach Cover Image

Wartościowanie bezpieczeństwa energetycznego – ujęcie metodyczne
Valuing energy supply security – methodological approach

Author(s): Magdalena Ligus
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: energy supply security; valuation methods; contingent valuation; value of lost load

Summary/Abstract: The study concerns methodological aspects of valuing social costs of energy supply insecurity. There are presented methods of valuation: market price methods, revealed preference approaches based on surrogate market prices and stated preference approaches based on simulated markets. The article also provides a short analysis of advantages, drawbacks and applicability of techniques. It presents world and Polish literature surveys results concerning the value of lost load (VOLL) as monetary expression for the costs associated with inter- or disruptions of electricity supply as an effect of production, transmission or distribution failures.

  • Issue Year: 2013
  • Issue No: 317
  • Page Range: 33-43
  • Page Count: 11