Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.14279/3183
DC FieldValueLanguage
dc.contributor.authorPoullikkas, Andreas-
dc.contributor.authorZachariadis, Theodoros-
dc.contributor.otherΖαχαριάδης, Θεόδωρος-
dc.contributor.otherΠουλικκάς, Ανδρέας-
dc.date.accessioned2013-01-16T13:49:01Zen
dc.date.accessioned2013-05-17T07:13:15Z-
dc.date.accessioned2015-12-02T14:27:23Z-
dc.date.available2013-01-16T13:49:01Zen
dc.date.available2013-05-17T07:13:15Z-
dc.date.available2015-12-02T14:27:23Z-
dc.date.issued2012-09-25-
dc.identifier.citationEnergy Policy, 2012, vol. 51, pp. 630–641en_US
dc.identifier.issn03014215-
dc.identifier.urihttps://hdl.handle.net/20.500.14279/3183-
dc.description.abstractWe study the costs of electricity disruptions in Cyprus, which suffered severe power shortages in summer 2011 after an explosion that destroyed 60% of its power generating capacity. We employ both economic and engineering approaches to assess these costs. Among other calculations, we provide estimates of the value of lost load by economic sector and the hourly value of electricity by season and type of day. The results of two economic methods employed to assess welfare losses differ largely, indicating that the assessment of outage costs is associated with many uncertainties. Our calculations show that the emergency actions taken by national energy authorities in response to that accident, though not necessarily optimal, have generally been appropriate and in line with international best practices: the additional costs incurred due to these measures are lower than the economic losses avoided thanks to these actions. Preferential treatment of specific consumer types in the case of repeated power outages remains an open policy question.en_US
dc.formatpdfen_US
dc.language.isoenen_US
dc.relation.ispartofEnergy Policyen_US
dc.rights© Elsevier Ltden_US
dc.subjectElectric power failuresen_US
dc.subjectEnergyen_US
dc.subjectCyprusen_US
dc.subjectCost accountingen_US
dc.subjectEnergy crisisen_US
dc.subjectWelfare lossesen_US
dc.subjectValue of lost loaden_US
dc.titleThe Costs of Power Outages: a Case Study from Cyprusen_US
dc.typeArticleen_US
dc.collaborationElectricity Authority of Cyprusen_US
dc.collaborationCyprus University of Technologyen_US
dc.subject.categoryElectrical Engineering - Electronic Engineering - Information Engineeringen_US
dc.journalsSubscriptionen_US
dc.reviewpeer reviewed-
dc.countryCyprusen_US
dc.subject.fieldEngineering and Technologyen_US
dc.subject.fieldAgricultural Sciencesen_US
dc.publicationPeer Revieweden_US
dc.identifier.doi10.1016/j.enpol.2012.09.015en_US
dc.dept.handle123456789/70en
dc.relation.volume51en_US
cut.common.academicyear2012-2013en_US
dc.identifier.spage630en_US
dc.identifier.epage641en_US
item.grantfulltextnone-
item.openairecristypehttp://purl.org/coar/resource_type/c_6501-
item.fulltextNo Fulltext-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairetypearticle-
crisitem.journal.journalissn0301-4215-
crisitem.journal.publisherElsevier-
crisitem.author.deptDepartment of Electrical Engineering, Computer Engineering and Informatics-
crisitem.author.deptDepartment of Chemical Engineering-
crisitem.author.facultyFaculty of Engineering and Technology-
crisitem.author.facultyFaculty of Geotechnical Sciences and Environmental Management-
crisitem.author.orcidhttps://orcid.org/0000-0003-3703-4901-
crisitem.author.orcid0000-0002-9452-3018-
crisitem.author.parentorgFaculty of Engineering and Technology-
crisitem.author.parentorgFaculty of Geotechnical Sciences and Environmental Management-
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