-time pricing" for electricity and increase price elasticity of demand. This paper simulates the effects of this increased demand …Most US consumers are charged a near-constant retail price for electricity, despite substantial hourly variation in the … elasticity using counterfactual simulations in a structural model of the Pennsylvania-Jersey-Maryland electricity market. The …

We use demand and plant-level cost data to simulate competition in a restructured California electricity market. This …

We study price convergence between the two major markets for wholesale electricity in California from their … understanding of the markets, however, could have delayed or prevented price convergence. We find that the two benchmark electricity …

One of the most critical concerns that customers have voiced in the debate over real-time retail electricity pricing is … that they would be exposed to risk from fluctuations in their electricity cost. The concern seems to be that a customer …-time pricing programs. I then show that a slightly more sophisticated application of these forward power purchases can …

necessary step in pricing polluting goods at their social marginal cost (SMC). Retail electricity prices, however, deviate from … cause prices to be too high—such as recovery of fixed costs. Furthermore, because electricity is not storable, marginal cost … study the relationship between residential electricity prices and social marginal cost in the US, both on average and over …

factor for firms' liquidity management. One industry for which price risk can be measured is the electricity producing … industry. We use data on hourly electricity prices in 41 markets to measure fluctuations in output prices and information on … electricity price volatility leads to increased cash holdings, but only in firms using inflexible production technologies. This …

the widespread use of increasing-block pricing (IBP), under which the marginal price to the household increases as its … daily or monthly usage rises. There is no cost basis for differentiating marginal price of electricity by consumption level … by these increasing-block electricity tariffs. I find that the rate structure does redistribute income to lower …

following state-level legislation that ended cost-of-service regulation of electricity generation. I find that deregulated …

This paper argues that the market rules governing the operation of the England and Wales electricity market in … England and Wales electricity market, emphasizing those aspects that are important to the success of the strategy we believe … the two generators use to exercise market power. We then summarize the time series properties of the price of electricity …

We simulate competitive benchmark wholesale prices for electricity in California during the summer of 2000, taking … account of changes in natural gas prices, electricity demand, and imports of electricity from other states during this time … prices for electricity. The competitive benchmark prices are then compared to actual prices. A significant fraction of the …