What are the Economic Impacts of Grid Instability?
Grid instability can have several economic impacts on businesses:
Operational Downtime: Power outages can halt production, leading to missed deadlines and lost revenue. Increased Costs: Frequent interruptions may necessitate investment in expensive backup systems and higher maintenance costs. Damage to Equipment: Fluctuations in power can damage sensitive equipment, leading to costly repairs or replacements. Reputation Risk: Consistent issues with power supply can harm a business's reputation, affecting customer trust and loyalty.