Assessing the Costs of Major Power Outages

A recent Lab report describes a new hybrid approach for estimating the economic costs of widespread, long-duration power interruptions, such as the one that occurred recently in Texas. Customer survey responses are used to create a model that calibrates the direct and indirect costs of these events. https://newscenter.lbl.gov/2021/03/04/assessing-the-costs-of-major-power-outages/