Real-time pricing (RTP) has been advocated as an economically efficient means to send price signals to customers to promote demand response (DR) (Borenstein 2002, Borenstein 2005, Ruff 2002). However, limited information exists that can be used to judge how effectively RTP actually induces DR,...

Demand response is increasingly recognized as an essentialingredient to well functioning electricity markets. This growingconsensus was formalized in the Energy Policy Act of 2005 (EPACT), whichestablished demand response as an official policy of the U.S. government,and directed states (and...

Utilizing load, price, and survey data for 119 largecustomers that paid competitively determined hourly electricity pricesannounced the previous day between 2000 and 2004, this study providesinsight into the factors that determine the intensity of price response.Peak and off-peak electricity can...