Power shortage costs and efforts to minimize: an example. [Key West, Florida]
This report presents estimates of shortage costs for a prolonged electric power shortage in Key West, Florida. Equipment failure dropped capacity 10 to 20% below peak demands for several weeks, and the isolated island system did not allow power transfer from other systems. The following willingness-to-pay estimates are discussed and presented as a complete assessment of all impacts from shortages to non-residential user: business establishment loss of $2/kWh; employee loss of 10 cents/kWh; consumer (e.g., restaurant clientele) loss of 20 cents/kWh. The residential electric power loss was only about 5 cents/kWh, but it appears to depend heavily on the conditions during the shortage. 11 references, 7 figures, 7 tables.
- Research Organization:
- Faucett (Jack) Associates, Inc., Chevy Chase, MD (USA)
- OSTI ID:
- 5651076
- Report Number(s):
- EPRI-EA-1241
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000 -- Energy Planning & Policy-- Electric Power
COMMERCIAL SECTOR
ECONOMIC IMPACT
ELECTRIC POWER
ENERGY SHORTAGES
FLORIDA
NORTH AMERICA
OUTAGES
POWER
POWER DEMAND
RELIABILITY
RESIDENTIAL SECTOR
SOCIAL IMPACT
SOUTHEAST REGION
USA
290200 -- Energy Planning & Policy-- Economics & Sociology
292000* -- Energy Planning & Policy-- Supply
Demand & Forecasting
296000 -- Energy Planning & Policy-- Electric Power
COMMERCIAL SECTOR
ECONOMIC IMPACT
ELECTRIC POWER
ENERGY SHORTAGES
FLORIDA
NORTH AMERICA
OUTAGES
POWER
POWER DEMAND
RELIABILITY
RESIDENTIAL SECTOR
SOCIAL IMPACT
SOUTHEAST REGION
USA