ESTIMATING TE ECONOMIC COSTS OF ELECTRICITY SHORTAGES USING INPUT-OUTPUT-ANALYSIS - THE CASE OF TAIWAN

The economic cost of electricity shortages provides valuable information for planners in setting economic reliability standards, determining pricing policy, load management strategies and curtailment policies in electric power system planning. This paper applies the Leontief input-output framework to account for the average economic impact of short-term electricity shortages on all industrial sectors. A case study for the economy of Taiwan using the latest available input-output Tables is included. The interrelated influences among sectors and the global effects incurred by the deficiency of electricity supply are analysed using this approach.