The current paper illustrates the use of principal component analysis (PCA) on the congestion component of local (i.e. zonal) electricity price data to detect the most salient congestion patterns in electricity transmission grids managed by either a Regional Transmission Organization (RTO) or an...

Driving demand and congestion are known to peak throughout the day, but temporal heterogeneity in travel demand elasticities is often overlooked. I estimate how the fuel economy elasticity of travel demand — a measure of the rebound effect from fuel economy standards — varies across peak and...

Bundle pricing is commonly adopted by service firms managing multiple congestion-prone service facilities. Under bundle pricing, the firm charges a single price for all the services as a whole, and customers either purchase the bundle or do not purchase at all. This scheme is in contrast to à...

There are constraints on pricing congestible facilities. First, if heterogeneous users are observationally indistinguishable, then congestion charges must be anonymous. Second, the time variation of congestion charges may be constrained. Do these constraints undermine the feasibility of marginal...

The disconnect between price variability of wholesale electricity sales and the uniformity of the retail prices observed by most consumers results in well documented inefficiencies. Time-of-use (“TOU”) electricity tariffs offer a middle-ground between dynamic wholesale prices and flat retail...

Electricity cannot be cost-effectively stored even for short periods of time. Consequently, wholesale electricity prices vary widely across hours of the day with peak prices frequently exceeding off-peak prices by a factor of ten or more. Most analyses of energy-efficiency policies ignore this...

The penetration of distributed generation, energy storages and smart loads has resulted in the emergence of prosumers: entities capable of adjusting their electricity production and consumption in order to meet environmental goals and to participate profitably in the available electricity...

With the ongoing rollout of smart meters in Ireland, time-of-use (ToU) tariffs are currently being introduced as a new way to pay for electricity. Such tariffs can bring important benefits to both consumers and society, in terms of reduced electricity bills and CO2 emissions, respectively. At...