Regardless of the form of restructuring, deregulated electricity industries share one common feature: the absence of any significant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, electricity industries continue to charge most consumers an average...

Regardless of the form of restructuring, deregulatedelectricity industries share one common feature: the absence of anysignificant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, most electricity consumers stillpay an average cost based regulated...

The legacy paradigm for electricity service in most of the electrified world today is based on the centralized generation-transmission-distribution infrastructure that evolved under a regulated environment. More recently, a quest for effective economic investments, responsive markets, and...