Fluctuations in retail energy prices may incentivize domestic households to adapt their load pattern in order to minimize the cost of electricity. This paper determines the price volatility necessary for automatic load shifting to cover the cost of the associated smart metering within a...

Since the 1970s, high volumetric (per kilowatt-hour) electricity prices have been justified in many policy discussions as encouraging more efficient use of electricity and placing more of the cost burden on those who are less prudent in their use. The argument has been used in support of...

The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price effects, we estimate efficiency gains...