Value of lost load

The Value of Lost Load (VoLL) is an economic measure used primarily in electrical power systems and energy economics. It quantifies the economic impact of power outages by estimating the monetary value of electricity not supplied during a power interruption. Essentially, VoLL reflects how much consumers are willing to pay to avoid a power outage or how much they lose when they experience one. VoLL is typically expressed in terms of currency per unit of energy not supplied (e.g.