Value of Lost Load (VoLL) study

We have undertaken an investigation of the Value of Lost Load (VoLL) to inform our expenditure decisions and regulatory applications.

VoLL represents the economic value, in dollars per MWh, that a consumer places on electricity they plan to consume but do not receive because of a power interruption.  It is different in concept to the price consumers pay in the wholesale and retail markets for electricity.  Both the wholesale and retail prices reflect consumers’ demand for electricity, whereas VoLL reflects consumers’ demand to avoid power interruptions and its consequences.