New Studies Reveal Customer Demand and Cost of Supplying Power During an Outage
Wednesday, July 5, 2017 - 13:02
in Mathematics & Economics
Long-lasting electrical outages can lead to severe individual and societal impacts, including significant economic losses and even death. A set of companion papers recently published in Risk Analysis found that it would be economically feasible and socially advantageous for electrical companies to provide a partial backup service to customers during a blackout.