Outage costs in Chilean industry
AbstractThis paper estimates the cost of energy shortages to Chilean industry. The information was obtained from a sample-survey carried out shortly after the 1989 electricity restriction. The results obtained show that a 10%, one-month, equi-proportional restriction involves and average net outage cost of Usc 3.2 per kWh when a limited, selective restriction is applied. We show that, under current legislation, the outage cost in fact lies between the cost of an equiproportional and a selective restriction. However, subtle modifications to legislation would make it possible to allocate the scarce supply efficiently.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Energy Economics.
Volume (Year): 19 (1997)
Issue (Month): 4 (October)
Contact details of provider:
Web page: http://www.elsevier.com/locate/eneco
Other versions of this item:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Benjamin Bental & S. Abraham Ravid, 1982. "A Simple Method for Evaluating the Marginal Cost of Unsupplied Electricity," Bell Journal of Economics, The RAND Corporation, vol. 13(1), pages 249-253, Spring.
- Andrew A. Goett & Daniel L. McFadden & Chi-Keung Woo, 1988. "Estimating Household Value of Electrical Service Reliability with Market Research Data," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 105-120.
- M. Munasinghe & A. Sanghvi, 1988. "Reliability of Electricity Supply, Outage Costs and Value of Service: An Overview," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 1-18.
- Sanghvi, Arun P., 1983. "Optimal electricity supply reliability using customer shortage costs," Energy Economics, Elsevier, vol. 5(2), pages 129-136, April.
- Kleindorfer, Paul R & Fernando, Chitru S, 1993. "Peak-Load Pricing and Reliability under Uncertainty," Journal of Regulatory Economics, Springer, vol. 5(1), pages 5-23, March.
- Michael A. Crew & Paul R. Kleindorfer, 1976. "Peak Load Pricing with a Diverse Technology," Bell Journal of Economics, The RAND Corporation, vol. 7(1), pages 207-231, Spring.
- Chi-Keung Woo & Kenneth Train, 1988. "The Cost of Electric Power Interruptions to Commercial Firms," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 161-172.
- Chao, Hung-po & Wilson, Robert, 1987. "Priority Service: Pricing, Investment, and Market Organization," American Economic Review, American Economic Association, vol. 77(5), pages 899-916, December.
- Michael J. Doane & Raymand S. Hartman & Chi-Keung Woo, 1988. "Household Preference for Interruptible Rate Options and the Revealed Value of Service Reliability," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 121-134.
- Todd Strauss & Shmuel Oren, 1993. "Priority Pricing of Interruptible Electric Service with an Early Notification Option," The Energy Journal, International Association for Energy Economics, vol. 0(Number 2), pages 175-196.
- Pasha, Hafiz A. & Ghaus, Aisha & Malik, Salman, 1989. "The economic cost of power outages in the industrial sector of Pakistan," Energy Economics, Elsevier, vol. 11(4), pages 301-318, October.
- Anderson, Roland & Taylor, Lewis, 1986. "The social cost of unsupplied electricity : A critical review," Energy Economics, Elsevier, vol. 8(3), pages 139-146, July.
- Sanghvi, Arun P., 1982. "Economic costs of electricity supply interruptions : US and foreign experience," Energy Economics, Elsevier, vol. 4(3), pages 180-198, July.
- Andrews, Clinton J., 1992. "An end-use approach to reliability investment analysis," Energy Economics, Elsevier, vol. 14(4), pages 248-254, October.
- Bernstein, Sebastian, 1988. "Competition, marginal cost tariffs and spot pricing in the Chilean electric power sector," Energy Policy, Elsevier, vol. 16(4), pages 369-377, August.
- Hung-po Chao & Shmuel S. Oren & Stephen A. Smith & Robert B. Wilson, 1988. "Priority Service: Market Structure and Competition," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 77-104.
- Beenstock, Michael, 1991. "Generators and the cost of electricity outages," Energy Economics, Elsevier, vol. 13(4), pages 283-289, October.
- Brown, Gardner, Jr & Johnson, M Bruce, 1969. "Public Utility Pricing and Output under Risk," American Economic Review, American Economic Association, vol. 59(1), pages 119-28, March.
- Bernstein, Sebastian & Agurto, Renato, 1992. "Use of outage cost for electricity pricing in Chile," Utilities Policy, Elsevier, vol. 2(4), pages 299-302, October.
- Dennis M. Keane & S. Leslie MacDonald & Chi-Keung Woo, 1988. "Estimating Residential Partial Outage Cost With Market Research Data," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 151-160.
- Jeroen de Joode & Douwe Kingma & Mark Lijesen, 2004. "Energy policies and risks on energy markets; a cost-benefit analysis," CPB Special Publication 51, CPB Netherlands Bureau for Economic Policy Analysis.
- Claudia Mejía Pérez, 1999. "La pobreza en Colombia 1978 y 1995 : indicadores," Lecturas de Economía, Universidad de Antioquia, Departamento de Economía, issue 51, pages 195-222, Julio Dic.
- Pepermans, Guido, 2011.
"The value of continuous power supply for Flemish households,"
Elsevier, vol. 39(12), pages 7853-7864.
- Pepermans, Guido, 2010. "The Value of Continuous Power Supply for Flemish Households," Working Papers 2010/24, Hogeschool-Universiteit Brussel, Faculteit Economie en Management.
- Ronald Fischer & Alexander Galetovic, 2003.
"Regulatory governance and chile's 1998-1999 electricity shortage,"
Journal of Economic Policy Reform,
Taylor & Francis Journals, vol. 6(2), pages 105-125.
- Ronald Fischer & Alexander Galetovic, 2000. "Regulatory Governance and Chile's 1998-1999 Electricity Shortage," Documentos de Trabajo 84, Centro de Economía Aplicada, Universidad de Chile.
- Luise Röpke, 2013. "The Development of Renewable Energies and Supply Security: A Trade-Off Analysis," Ifo Working Paper Series Ifo Working Paper No. 151, Ifo Institute for Economic Research at the University of Munich.
- Wenzel, Lars & Wolf, André, 2014. "Welfare implications of power rationing: An application to Germany," HWWI Research Papers 148, Hamburg Institute of International Economics (HWWI).
- Gabriele, Alberto, 2004. "Policy alternatives in reforming energy utilities in developing countries," Energy Policy, Elsevier, vol. 32(11), pages 1319-1337, July.
- Galetovic, Alexander & Muñoz, Cristián M., 2011. "Regulated electricity retailing in Chile," Energy Policy, Elsevier, vol. 39(10), pages 6453-6465, October.
- Carlos Díaz & Alexander Galetovic & Raimundo Soto, .
"La crisis eléctrica de 1998-1999: causas, consecuencias y lecciones,"
ILADES-Georgetown University Working Papers
inv126, Ilades-Georgetown University, Universidad Alberto Hurtado/School of Economics and Bussines.
- Carlos Díaz & Alexander Galetovic & Raimundo Soto, 2000. "La crisis eléctrica de 1998-1999: causas, consecuencias y lecciones," Documentos de Trabajo 81, Centro de Economía Aplicada, Universidad de Chile.
- growitsch, christian & Malischek, Raimund & Nick, Sebastian & Wetzel, Heike, 2013. "The Costs of Power Interruptions in Germany - an Assessment in the Light of the Energiewende," EWI Working Papers 2013-7, Energiewirtschaftliches Institut an der Universitaet zu Koeln.
- Morimoto, Risako & Hope, Chris, 2004. "The impact of electricity supply on economic growth in Sri Lanka," Energy Economics, Elsevier, vol. 26(1), pages 77-85, January.
- Röpke, Luise, 2013. "The development of renewable energies and supply security: A trade-off analysis," Energy Policy, Elsevier, vol. 61(C), pages 1011-1021.
- Fischer, Ronald & Galetovic, Alexander, 2001. "Regulatory governance and Chile's 1998-99 electricity shortage," Policy Research Working Paper Series 2704, The World Bank.
- Alexander Galetovic & Juan Ricardo Inostroza & Cristián Marcelo Muñoz, 2004. "Gas y Electricidad: ¿qué hacer ahora? (Gas and electricity: What should we do now?)," Documentos de Trabajo 198, Centro de Economía Aplicada, Universidad de Chile.
- Rómulo Chumacero & Ricardo Paredes & José Miguel Sánchez, 2000. "Regulación para Crisis de Abastecimiento: Lecciones del Racionamiento Eléctrico en Chile," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 37(111), pages 323-338.
- Myunghwan Kim & Seung-Hoon Yoo, 2012. "The Economic Cost of Unsupplied Diesel Product in Korea Using Input-Output Analysis," Energies, MDPI, Open Access Journal, vol. 5(9), pages 3465-3478, September.
- Piaszeck, Simon & Wenzel, Lars & Wolf, André, 2013. "Regional diversity in the costs of electricity outages: Results for German counties," HWWI Research Papers 142, Hamburg Institute of International Economics (HWWI).
- Serra, Pablo J., 1997. "Energy pricing under uncertain supply," Energy Economics, Elsevier, vol. 19(2), pages 209-223, May.
- de Nooij, Michiel & Koopmans, Carl & Bijvoet, Carlijn, 2007. "The value of supply security: The costs of power interruptions: Economic input for damage reduction and investment in networks," Energy Economics, Elsevier, vol. 29(2), pages 277-295, March.
- Musiliu 0. Oseni & Michael G. Pollitt, 2013. "The Economic Costs of Unsupplied Electricty: Evidence from Backup Generation among African Firms," Cambridge Working Papers in Economics 1351, Faculty of Economics, University of Cambridge.
- Mark Lijesen, 2004. "Increasing the reliability of electricity production: a cost-benefit analysis," CPB Document 52, CPB Netherlands Bureau for Economic Policy Analysis.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.