We estimate the option value of a non-firm electricity tariff commonly used by a local distribution company (LDC) in its electricity demand response program. This option value captures the benefit that a LDC enjoys from not serving an end-use load during high-price hours in a wholesale...

This paper summarizes the first comprehensive estimation of California's electricity avoided costs since the state reformed its electricity market. It describes avoided cost estimates that vary by time and location, thus facilitating targeted design, funding, and marketing of demand-side...

Accurate hourly photovoltaic (PV) output data are useful for engineering design, cost-effectiveness evaluation, rate design, system operation, transmission planning, risk management, and policy analysis. However, a large sample of hourly metered PV data is seldom available, and engineering...