The cost for industries when it comes to electricity supply interruptions are considerable. It also appears to increase over time, according to recent EFORIS report by CERE members.
“In 2016 the estimated cost of a one-hour outage for an average industrial facility in Sweden was approximately 23 times larger than the value of the electricity not delivered (SEK 9502 versus SEK 400), whereas the cost in 2004 was approximately 13 times the market value of the electricity not delivered.” The value of lost load in Swedish industry, EFORIS report 2021:787
The numbers varies across firms and sectors from about 120 and 105 times the market value of the failed delivery of electricity for an average motor vehicle firm to about five times the value in the pulp and paper industry. The production interruption is noticeable longer than the actual power outage according to the firms answering the study survey.
Read the report “The value of lost load in Swedish industry”, EFORIS report 2021:787 & CERE WP 2021-14.