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

Electricity restructuring has created the opportunity for producers to exercise market power. Oligopolists increase … implications of production inefficiencies attributed to market power in the Pennsylvania, New Jersey, and Maryland electricity … market. Air pollution fell substantially during 1999, the year in which both electricity restructuring and new environmental …

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 …

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

This paper presents estimates of the customer-level demand for electricity by industrial and commercial customers … purchasing electricity according to the half-hourly energy prices from the England and Wales (E&W) electricity market. These … customers also face the possibility of a demand charge on their electricity consumption during the three half-hour periods that …

India, seeking to reduce electricity shortages, set up a new power market, in which transmission constraints sharply …

This paper examines vertical arrangements in electricity markets. Vertically integrated wholesalers, or those with long …

" in spurring competition and the actual electricity that flows on the line. We then investigate the" equilibria that are …In an unregulated electricity generation market, the degree to which generators in" different locations compete with … one another depends on the capacity to transmit electricity" between the locations. We study the impact of transmission …

We analyze a number of unstudied aspects of retail electricity competition. We first explore the implications of load … homogeneous up to a scaling factor. In general, the combination of retail competition and load profiling does not yield the second … consumption, retail competition yields the Ramsey prices even when consumers can only partially respond to variations in real time …