Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the …-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand … elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The …

We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This …

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap …, respectively. Across these matched pairs, the cap-and-trade mechanism produced much higher wholesale electricity prices (38.5% to … 52.6% higher) and lower total electricity production (2.5% to 4.0% lower) than the "equivalent" carbon tax, without any …

We study price convergence between the two major markets for wholesale electricity in California from their … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two …

This paper argues that the market rules governing the operation of the England and Wales electricity market in … England and Wales electricity market, emphasizing those aspects that are important to the success of the strategy we believe … the two generators use to exercise market power. We then summarize the time series properties of the price of electricity …

Recent energy shortfalls in renewables-dominated electricity markets call for a mechanism to ensure demand is met under …

Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill …

critical peak pricing intervention reduces electricity consumption by 14%. Using unique high frequency appliance-level data, we …

Recent efforts to restructure and partially deregulate electricity markets have renewed interest in understanding how … household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of … California households, and summarize how electricity demand elasticities vary in that state. We then use the model to analyze the …