Time-of-use (TOU) pricing has emerged in recent years as a popular rate program, offering utilities both a more efficient pricing mechanism and a tool for load management. Initial experiments with TOU pricing were generally designed to provide evidence on customer response to mandatory TOU...

Service options for the electric utility industry are increasingly including provisions to dynamically dispatch prices or service interruption calls to customers. When the number of such calls is contractually limited, then the issue of optimally dispatching the calls must be addressed. An...

Hick's (1936) theorem allows aggregation of commodities when their relative prices are fixed, but contrary to a widely expressed view, it does not require that they be aggregated. Even in cases in which commodities have identical prices, all of their income elasticities and many of their price...