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Persistent link: https://www.econbiz.de/10011582169
A key characteristic of regulatory schemes in Latin America is its virtual absence of mechanisms for coping with outages in the supply of public utilities. This paper presents such a mechanism, which has the advantage of being complementary to the medium
Persistent link: https://www.econbiz.de/10005812085
valuable kWh (as indicated by the market demand curve) are rationed. Then we estimate the per-kWh cost of rationing by cutting … off service. We find that the outage cost varies considerably depending on the length of the rationing period; and on how … rationing efficiently is between two and six times cheaper than rationing by cutting off service …
Persistent link: https://www.econbiz.de/10005698263