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Value of Lost Load - Review

Sector: Power Generation (CCGT) • Location: New Zealand

Source: New Zealand Government Electronic Tenders Service (GETS)

Tender
Awarded

The Value of Lost Load (VOLL) puts an economic value on an amount of electricity that people plan to consume, but do not receive because of an outage or interruption.The current VOLL is set in Schedule 12.2 of the EIPC (Electricity Industry Participation Code) at $20,000/MWh, and was set in 2005.Because of changes since that time (inflation, and new technology) this figure may no longer be fit-for

Status
Closed
Sector
Power Generation (CCGT), Government
Location
New Zealand
Updated
3 Nov 2026
Source
New Zealand Government Electronic Tenders Service (GETS)

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Tender Information

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The tender “Value of Lost Load - Review” is a tender record in Taiyo, linked to the Power Generation (CCGT) sector. It is issued for works, goods, or services related to New Zealand.

Participants

Not available for this record.

Status

Original status

awarded

Taiyo status

Closed

Taiyo last update

2026-11-03

Contact

Not available for this record.

Description

Description

The Value of Lost Load (VOLL) puts an economic value on an amount of electricity that people plan to consume, but do not receive because of an outage or interruption.The current VOLL is set in Schedule 12.2 of the EIPC (Electricity Industry Participation Code) at $20,000/MWh, and was set in 2005.Because of changes since that time (inflation, and new technology) this figure may no longer be fit-for-purpose.The Electricity Authority seeks to understand the technical capability of qualified economic and energy-sector consultancies to undertake an economic study of the Value of Lost Load (VOLL).The main deliverable of any study to be commissioned by the Authority in future will be an updated set of VOLL figures. These new figures should address our concerns that:1) The current $20,000/MWh figure is out-of-date, and2) A single average value for the entire country is unrealistic.

Location

Country

New Zealand

Source

Source

New Zealand Government Electronic Tenders Service (GETS)

URL

More Details

Record type

Tender

Sector

Power Generation (CCGT), Government

Article published date

2026-10-23

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