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Outage costs in Chilean industry

  • Serra, Pablo
  • Fierro, Gabriel

This 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.

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Article provided by Elsevier in its journal Energy Economics.

Volume (Year): 19 (1997)
Issue (Month): 4 (October)
Pages: 417-434

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Handle: RePEc:eee:eneeco:v:19:y:1997:i:4:p:417-434
Contact details of provider: Web page: http://www.elsevier.com/locate/eneco

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