Purpose The paper aims to analyse whether experiencing a supply interruption affects the valuation of security of electricity supply. Design/methodology/approach A blackout in Munich, Germany, in November 2012 is utilised as a natural experiment by conducting a contingent valuation survey around...

Introduction -- Fundamentals of Energy and Power Systems -- Energy Demand -- Electricity Generation and Operational Planning -- Electricity Transport and Storage -- Regulation: Grids and Environment -- Simple Electricity Market Equilibrium Models -- Markets: Organisation, Trading and Efficiency...