{
  "$schema": "https://ps-wiki.github.io/schema/v1/term.schema.json",
  "id": "loss-of-load-probability",
  "title": "Loss-of-Load Probability",
  "description": "The probability that system demand will exceed generating capacity during a given period.",
  "language": "en",
  "tags": [
    "adequacy",
    "nerc",
    "metrics",
    "reliability"
  ],
  "related": [],
  "breaking": false,
  "dates": {
    "created": "2025-03-15",
    "last_modified": "2025-06-20"
  },
  "authors": [
    {
      "name": "Jinning Wang",
      "url": "https://jinningwang.github.io"
    }
  ],
  "content": {
    "sections": [
      {
        "order": 1,
        "id": "definition-by-nerc",
        "title": "Definition by NERC",
        "type": "definition",
        "source_keys": [
          "nerc2013probabilistic"
        ],
        "page": null,
        "body_md": "> Loss-of-Load Probability (LOLP) is the **probability** of system demand exceeding the generating capacity during a given period.\n> If LOLP is the number of days on which there is expected to be a shortfall per year, it is the same as LOLE.\n> However, other definitions of LOLP are also used.\n"
      }
    ]
  }
}