Recent efforts to restructure and partially deregulate electricity markets have renewed interest in understanding how … household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of … California households, and summarize how electricity demand elasticities vary in that state. We then use the model to analyze the …

elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The … important element of market design in some restructured electricity markets … electricity prices in peak hours, contrary to predictions from short run models, while decreasing Capacity Market prices and total …

domestic welfare through two channels. First, by reducing export income volatility and allowing for a smoother consumption path …

purchasing electricity according to the half-hourly energy prices from the England and Wales (E&W) electricity market. These … supplying consumers purchasing electricity according to real-time market prices to construct demand-side bids into a competitive … electricity market. The paper closes with several examples of how this might be done …

We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This … for significant market power in high demand hours. During some months, congestion over Path 15, the primary in-state north …-south transmission line, exacerbates the market power potential in northern California. While these results make deregulation of …

critical peak pricing intervention reduces electricity consumption by 14%. Using unique high frequency appliance-level data, we …

We report on an economic experiment that compares outcomes in electricity markets subject to carbon-tax and cap …, respectively. Across these matched pairs, the cap-and-trade mechanism produced much higher wholesale electricity prices (38.5% to … 52.6% higher) and lower total electricity production (2.5% to 4.0% lower) than the "equivalent" carbon tax, without any …

We study price convergence between the two major markets for wholesale electricity in California from their … deregulation in April 1998 through November 2000, nearly the end of trading in one market. We would expect profit … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

In this paper, we quantify the difference between public and private prices of residential electricity immediately … sample of large, urban markets. Based on new data covering over 15,000 markets and nearly all electricity generated for … typical levels of monthly consumption. These findings are consistent with a market for ownership that helped to discipline …

Recent energy shortfalls in renewables-dominated electricity markets call for a mechanism to ensure demand is met under …