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are not able to commit to specific responses months or years in advance. Electricity is a fluid market commodity with a … they can be made more effective in controlling summer peaks and attendant high prices of electricity. Particular attention …Restructuring is attempting to bring the economic efficiency of competitive markets to the electric power industry. To …
Persistent link: https://www.econbiz.de/10009437367
customer classes? Second, what types of tariff design is most appropriate, given prevailing policy objectives, wholesale market …Demand response (DR) has been broadly recognized to be an integral component of well-functioning electricity markets …), and other retail pricing mechanisms that communicate an incentive for electricity consumers to reduce their usage during …
Persistent link: https://www.econbiz.de/10009435658
equally vulnerable. Factors such as local generation costs, transmission constraints, market concentration, and market design … would see lower rates) unless they have sufficient market power to raise their prices without losing significant market … market-based rates then prices are lower. (4) Customer response to real-time prices can lower the peak capacity requirements …
Persistent link: https://www.econbiz.de/10009436144
initiated customer choice in the past 5-7 years reach an important juncture in retail market design. Most states with retail …-needed demand response in electricity markets. However, in designing default service for competitive retail markets, demand response … paid in its design and implementation, default RTP service can also provide a solid foundation for developing price …
Persistent link: https://www.econbiz.de/10009436632
choice in the past 5-7 years reach an important juncture in retail market design. Most states with retail choice established …Dynamic retail electricity pricing, especially real-time pricing (RTP), has been widely heralded as a panacea for … providing much-needed demand response in electricity markets. However, in designing default service for competitive retail …
Persistent link: https://www.econbiz.de/10009437145
equally vulnerable. Factors such as local generation costs, transmission constraints, market concentration, and market design … would see lower rates) unless they have sufficient market power to raise their prices without losing significant market …Because of the recent experiences of several states undergoing restructuring (e.g., higher prices, greater volatility …
Persistent link: https://www.econbiz.de/10009437369
(RTP), critical peak pricing, and even pricing usage at real-time market balancing prices. Some Independent System … benefits, including limiting the ability of suppliers to increase spot and long-term market-clearing prices above competitive … prices, many initiatives to modernize retail electricity rates seem to be stymied. …
Persistent link: https://www.econbiz.de/10009436322
Economists have advocated for real-time pricing (RTP) of electricity on the basis of the gains in economic efficiency … resource planning initiatives, ongoing efforts to improve efficiency and reliability in competitive electricity markets, and … that would result from charging customers the contemporaneous marginal cost of supplying electricity instead of the average …
Persistent link: https://www.econbiz.de/10009437147
market and to improve the economic efficiency and environmental profile of the electric sector. To those ends, NEDRI is … programs, (3) Demand response at retail through pricing, rate design, and advanced metering, and (4) End-use energy efficiency … electric restructuring efforts in many states is that most of the attention has been focused on the supply side, in a market …
Persistent link: https://www.econbiz.de/10009436330
the form of decreased grid congestion, improved system reliability, market efficiency, price stabilization, hedging …/provinces with demand response (DR) in the electricity sector. Demand-side resources are often overlooked as a viable option for … against volatile fuel prices and reduced environmental impacts of energy production. This report describes the various types …
Persistent link: https://www.econbiz.de/10009435550