El Costo de la Falla Residencial en Chile: Una Estimación Usando la Curva de Demanda
Abstract
This paper estimates the residential outage cost in Chile’s Central Interconnected System (SIC), using consumer’s willingness to pay for energy. We first estimate the cost of reducing energy consumption efficiently, that is only the less valuable kWh (as indicated by the market demand curve) are rationed. Then we estimate the per-kWh cost of rationing by cutting off service. We find that the outage cost varies considerably depending on the length of the rationing period; and on how energy is rationed. Longer restrictions allow users to adjust more, and hence are cheaper. Similarly, we estimate that rationing efficiently is between two and six times cheaper than rationing by cutting off service.
How to Cite
Benavente, J. M., Galetovic, A., Sanhueza, R., & Serra, P. (1). El Costo de la Falla Residencial en Chile: Una Estimación Usando la Curva de Demanda. Economic Analysis Review, 20(2), 23-40. Retrieved from https://www.rae-ear.org/index.php/rae/article/view/49
Issue
Section
Articles
Upon submission of an article, authors are asked to indicate their agreement to abide by an open-access license. The license permits any user to download, print out, extract, archive, and distribute the article, so long as appropriate credit is given to the authors of the work. The license ensures that your article will be as widely available as possible and that your article can be included in any scientific archive. Please read about the Creative Commons Attribution License before submitting your paper.
Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution 3.0 License