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 …

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 …

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 …

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

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 …

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 …

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

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 … electricity prices during this period. That is, private rents were mitigated by the threat that municipalities would use public …

Policies supporting investment in renewable electricity have been a cornerstone of climate policy in many parts of the … renewable expansions. Focusing on the California electricity market, we estimate how wholesale electricity prices have responded …

In electricity markets, generators are rewarded both for providing energy and for enabling grid reliability. The two …