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A primary aim of deregulation is to reduce the customer cost of electricity. In this paper, we examine the degree of success in reaching that goal using a variety of methods. We examine rates for each of four customer classes; for regulated, deregulated and publicly owned utilities; and for...
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Generalized Logit models of demand systems for energy and other factors have been shown to work well in comparison with other popular models, such as the Almost Ideal Demand System and the TransLog model. The main reason is that the derived price elasticities are robust when expenditure shares...
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