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Quantifying the economic costs of power outages owing to extreme events: A systematic review

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  • Ghodeswar, Archana
  • Bhandari, Mahabir
  • Hedman, Bruce

Abstract

Quantifying the economic cost of long-duration power outages is crucial to justifying investments in resiliency and reliability improvements. However, extensive study on the subject complicates the identification of power outage costs and determining the most suitable approach to quantify them for an individual, specific facility, particularly in the context of extreme events.

Suggested Citation

  • Ghodeswar, Archana & Bhandari, Mahabir & Hedman, Bruce, 2025. "Quantifying the economic costs of power outages owing to extreme events: A systematic review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 207(C).
    • Handle: RePEc:eee:rensus:v:207:y:2025:i:c:s136403212400710x
    DOI: 10.1016/j.rser.2024.114984
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    References listed on IDEAS

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