Generators and the cost of electricity outages

Michael Beenstock*

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

24 Scopus citations

Abstract

Investment in back-up generators is treated as insurance against the adverse effects of power outages. A theoretical model is developed which implies that the cost of outages may be inferred from revealed preference data on expenditure on generators. The conditions for the optimal social provision of electricity reliability are discussed.

Original languageEnglish
Pages (from-to)283-289
Number of pages7
JournalEnergy Economics
Volume13
Issue number4
DOIs
StatePublished - Oct 1991

Keywords

  • Electricity
  • Generators
  • Insurance
  • Power cuts
  • Reliability

Fingerprint

Dive into the research topics of 'Generators and the cost of electricity outages'. Together they form a unique fingerprint.

Cite this