Siddiqui, Afzal S.; Bartholomew, Emily S.; Marnay, Chris - 2009
retailers themselves are oftenforced to purchase electricity at volatile wholesale prices set in openmarkets. This results in … anysignificant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, most electricity … ofelectricity, they have no incentive to adjust their consumptionaccordingly. Consequently, demand for electricity is highly …