The book investigates the relationship, moreover the externalities of electricity cuts and both, economic growth and human development/capital focusing on education. In regard to economic growth, considering the unavailability of reliable data or no data, regressions could not be applied, therefore the relationship between electricity and economic growth was tested and/or measured and presented through Growth Accounting Model. As assumed, electricity proved to have a positive impact on a country’s total output/growth.Besides growth, the study further investigates education as one of the sectors affected by the electricity cuts. In regard of the data on this matter, besides those on the total number of schools and annual planned classes, there were no official data on class cancellation due to the electricity cuts. Using annual reports on electricity cuts applied each month for the last three years, the number of cuts applied in schools is extracted from each substation in which schools are connected. This number is further computed with schooling days by using basic mathematics to present the losses caused to this sector, which gave striking results.