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One size may not fit all : welfare benefits and cost reductions with differentiated household electricity rates in a general equilibrium model
Daruwala, Farhad; Denton, Frank T.; Mountain, Dean C. - 2017
We consider optional TOU (time-of-use) pricing for residential consumers as an alternative to a single TOU or flat rate structure offered by a publicly regulated electricity supplier. A general equilibrium model is developed and used to explore and quantify the effects of optional pricing on...
Persistent link: https://www.econbiz.de/10011688056
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The Increasing Cost of Ignoring Coase : Inefficient Electricity Tariffs, Welfare Loss and Distributed Energy Resources
Farrell, Niall - 2018
I show that British electricity tariffs create substantial welfare loss, equivalent to between six and eighteen percent of domestic consumption value. Losses are greater than unpriced distributional and environmental counter effects. Expected technological change will increase this welfare loss....
Persistent link: https://www.econbiz.de/10012907391
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The equity and efficiency of electricity network tariffs
Farrell, Niall; Meles, Tensay Hadush - 2023
We estimate the welfare implications of a cost-reflective 'Coasian' reform of electricity network tariffs using an Irish case study. We find that current Distribution Use of System (DUoS) tariffs deviate considerably from a cost-reflective structure. At the individual level, tariff reform leads...
Persistent link: https://www.econbiz.de/10013548736
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Real-time pricing in power markets : who gains?
Boom, Anette; Schwenen, Sebastian - 2012
We examine welfare effects of real-time pricing in electricity markets. Before stochastic energy demand is known, competitive retailers contract with final consumers who exogenously do not have real-time meters. After demand is realized, two electricity generators compete in a uniform price...
Persistent link: https://www.econbiz.de/10009666499
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Strategic supply function competition with private information
Vives, Xavier - 2009
welfare losses is 1/ n2 [hoch 2] . The results extend to demand schedule competition and a range of applications in product … and financial markets are presented. -- reverse auction ; demand schedule competition ; market power ; adverse selection …
Persistent link: https://www.econbiz.de/10003910453
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Strategic Supply Function Competition with Private Information
Vives, Xavier - 2009
losses is I/n^2. The results extend to demand schedule competition and a range of applications in product and financial …
Persistent link: https://www.econbiz.de/10014202206
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Strategic Supply Function Competition with Private Information
Vives, Xavier - 2021
welfare losses is 1/ n2 . The results extend to demand schedule competition and a range of applications in product and …
Persistent link: https://www.econbiz.de/10013316291
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Strategic Supply Function Competition with Private Information
Vives, Xavier - 2021
uncertain costs. It is found that with supply function competition, and in contrast to Bayesian Cournot competition … the collusive level. Furthermore, competition in supply functions aggregates the dispersed information of firms (the … equilibrium is privately revealing) while Cournot competition does not. The implication is that with the former the only source of …
Persistent link: https://www.econbiz.de/10013316471
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Competitiveness assessment of Iran's restructured electricity market
Nazemi, Ali; Mashayekhi, Mehdi - In: Energy economics 49 (2015), pp. 308-316
Persistent link: https://www.econbiz.de/10011537099
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When backward integration by a dominant firm improves welfare
Linnemer, Laurent - 2002
This paper studies the welfare consequences of a vertical merger that raises rivals costs when downstream competition …, that this result extends to price competition with differentiated products. …
Persistent link: https://www.econbiz.de/10011410253