Exploring the Value of Electricity

Introduction-Electricity is Valuable! Summary The Value of Electricity Storyline The Value of Electricity The Basic Value of Electricity How did modern Power Systems Evolve? What if There Were No Electricity? What if Humans Did Not Know How to Use Electricity What if Electricity Failed? Living Without Electricity How is Electricity Used Today? Living Without Electricity: Consequences 2020 Without Electricity A Day in the Life of Johnny Electricity's Value to Society Determining the Value of Electricity Electrification The Value of Expanding End-Use Applications of Electricity Using the Economic Impacts of Blackouts to Estimate Value What is a Blackout? Power Outages The Cost of other Power Disturbances Value of Lost Load Consumer Willingness to Pay Willingness to Pay US Customers WTP Studies on Demand-Side Management Other Methods to Estimate Value Using Utility Restoration Costs as a Measure of Value Value of Unserved Energy The Value of Electric Lighting Resiliency ARRA Results ERCOT Economically Optimal Reserve Margin Insights from Capacity Markets Comparing Have and Have-Not Societies Enhancing the Value of Electricity What can be done to Enhance Electricity's Value to Consumers? Electricity's Value can be Enhanced by: Open Market Energy Consumer Energy Waves and the Open Market Customer What will be the Killer "Apps" of the Emerging Open Market Energy Consumer Industry? Conclusion: The Rationale for an Open Energy Marketplace Summary of the Value of Electricity Value Based Applications Value Based on Surveys and Analyses Value Based on Willingness to Pay Value Based on Impact of Outages References Appendix A Electricity's Pioneers Index