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Outage Cost in Chilean Industry

  • Pablo Serra

    ()

  • Gabriel Fierro

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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Paper provided by Centro de Economía Aplicada, Universidad de Chile in its series Documentos de Trabajo with number 10.

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Date of creation: 1996
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Handle: RePEc:edj:ceauch:10
Contact details of provider: Web page: http://www.dii.uchile.cl/cea/

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  1. 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.
  2. 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.
  3. 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.
  4. 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.
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  6. Bernstein, Sebastian & Agurto, Renato, 1992. "Use of outage cost for electricity pricing in Chile," Utilities Policy, Elsevier, vol. 2(4), pages 299-302, October.
  7. 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.
  8. 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.
  9. Beenstock, Michael, 1991. "Generators and the cost of electricity outages," Energy Economics, Elsevier, vol. 13(4), pages 283-289, October.
  10. Anderson, Roland & Taylor, Lewis, 1986. "The social cost of unsupplied electricity : A critical review," Energy Economics, Elsevier, vol. 8(3), pages 139-146, July.
  11. 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.
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  13. Sanghvi, Arun P., 1982. "Economic costs of electricity supply interruptions : US and foreign experience," Energy Economics, Elsevier, vol. 4(3), pages 180-198, July.
  14. 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.
  15. Sanghvi, Arun P., 1983. "Optimal electricity supply reliability using customer shortage costs," Energy Economics, Elsevier, vol. 5(2), pages 129-136, April.
  16. 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.
  17. Andrews, Clinton J., 1992. "An end-use approach to reliability investment analysis," Energy Economics, Elsevier, vol. 14(4), pages 248-254, October.
  18. 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.
  19. 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.
  20. 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.
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