José Miguel BenaventeAlexander GaletovicRicardo SanhuezaPablo Serra2026-03-222026-03-222005https://andeanlibrary.org/handle/123456789/54322Citaciones: 4This paper estimates the residential outage cost in Chile’s Central Interconnected System (SIC), using consumer’s willingness to pay for energy. We first estimate the cost of reducing energy consumption efficiently, that is only the less valuable kWh (as indicated by the market demand curve) are rationed. Then we estimate the per-kWh cost of rationing by cutting off service. We find that the outage cost variesesRationingEconomicsWelfare economicsConsumption (sociology)Willingness to payEnergy consumptionarticle