Electricity is the prime mover of a modern society. Per capita consumption of electricity is an indicator of a country's growth. This indicator depends on availability, quality and reliability of power and most particularly its overall cost. The cost of electricity governs its usage. Thus the...

Highly volatile electricity prices are becoming a more frequent and unwanted characteristic of modern electricity wholesale markets. But low demand elasticity, mainly the result of a lack of incentives and consumers’ inability to control demand, means that consumer behaviour is not reflected...