Pricing power outages in the Netherlands

@inproceedings{Baarsma2009PricingPO,
  title={Pricing power outages in the Netherlands},
  author={Barbara Baarsma and J. Peter Hop},
  year={2009}
}
In most Western countries, the power grid provides electricity more than 99% of the time. To maintain reliability at such high levels, energy companies have to continually invest in electric transmission- and distribution systems. Since customers of electricity cannot switch from one distribution network to another, no economic incentive exists that matches the supplied reliability to customer preferences. Either under- or over-investment in reliability may thus result. In order to introduce… CONTINUE READING

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