retailers themselves are oftenforced to purchase electricity at volatile wholesale prices set in openmarkets. This results in … many other problemsassociated with electricity markets, such as exercise of market power andprice volatility. Indeed … anysignificant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, most electricity …

to New York Independent System Operator (NYISO) day-ahead market prices. The study was funded by the California Energy … customers' satisfaction, hedging choices and price response through in-depth customer market research and a Constant Elasticity … used to judge how effectively RTP actually induces DR, particularly in the context of restructured electricity markets …

respond quickly to fluctuating conditions. Many restructured electricity markets, however, experience high prices caused by …-averse retailer's end-use consumers are allowed to perceive real-time variations in the electricity spot price. Using a market …-equilibrium model, we find that price elasticity both increases the retailers revenue risk exposure and decreases the spot price. Since …

responsive only on the supply side is only half a market. Demand response (elasticity) is necessary to gain the full economic … are not able to commit to specific responses months or years in advance. Electricity is a fluid market commodity with a … they can be made more effective in controlling summer peaks and attendant high prices of electricity. Particular attention …

prices indexed to the real-time spot market, and thus have no advance knowledge of prices. Because the price responsiveness … both ends--retail market development and demand response--we conducted a comprehensive review of experience with default … with competitive retailers, we find evidence to suggest that a comparable amount of load in these states has switched to …

customers response to short-term fluctuations in electricity prices are based on theories of rational firm behavior, where … institutional customers in the Niagara Mohawk Power Corporation service territory that have faced day-ahead electricity market …Energy economists have long argued the benefits of real time pricing (RTP) of electricity. Their basis for modeling …

Renewable energy certificates (RECs) represent the attributes of electricity generated from renewable energy sources …. These attributes are unbundled from the physical electricity, and the two products-the attributes embodied in the … certificates and the commodity electricity-may be sold or traded separately. RECs are quickly becoming the currency of renewable …

Demand response (DR) has been broadly recognized to be an integral component of well-functioning electricity markets … utility commissions (PUC) and utilities have considered implementing dynamic pricing tariffs, such as real-time pricing (RTP …), and other retail pricing mechanisms that communicate an incentive for electricity consumers to reduce their usage during …

substantial volatility in wholesale market prices, significant financial distress among major industry organizations, and …Electricity markets in the United States have witnessed unprecedented instability over the last few years, with … electricity industry. Recent industry instability also illustrates the need for thoughtful resource planning to balance the cost …

increase in demand elasticity could dramatically reduce these extremes in price volatility. There is a strong need for … market [1]. Yet, in today's markets for electricity, little or no such response is evident. The reason is simple: customers …Recent electricity price spikes are painful reminders of the value that meaningful demand-side responses could bring to …