Our electrical grid—already under stress from climate‐amplified storms and the push to renewables—is a critical lifeline. Yet outages are costly, and until now, our best measures of how much U.S. households are truly willing to pay to avoid losing power (their “value of lost load,” or VoLL) came from surveys and macroeconomic models, offering wildly […]
Willingness to pay for electricity reliability: evidence from U.S. generator sales
