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Value of Lost Load (Poll) 2 Joint NO Workshop 1 October 2019 Jonathan Booth, Head of Asset Management Paul Auckland, Head of Economic Regulation Tracey Kennedy, Project Manager Robbie Irwin, Sam White,
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01
Gather information on the duration of the outage
02
Calculate the total energy that was unable to be delivered during the outage
03
Determine the cost of that energy, taking into account factors such as the time of day and the type of customers affected
04
Summarize the information in a report or document

Who needs value of lost load?

01
Electric utilities may use the value of lost load to help justify investments in infrastructure to improve reliability
02
Regulatory bodies may require utilities to calculate and report the value of lost load as part of their obligations
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The value of lost load is a measure of the economic cost associated with a power outage.
Electric utilities and system operators are typically required to file the value of lost load.
The value of lost load is usually filled out by calculating the cost of lost load based on the impact of a power outage on customers and the economy.
The purpose of the value of lost load is to quantify the economic cost of power outages and help utilities and operators make informed decisions about grid reliability and investments.
The information reported on the value of lost load typically includes the cost of lost production, lost revenue, customer inconvenience, and any other economic impacts of a power outage.
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