Siddiqui, Afzal S.; Bartholomew, Emily S.; Marnay, Chris - 2008
any significant, rapid demand-side response to the wholesale (or, spotmarket) price. For a variety of reasons, electricity … price of electricity, they have no incentive to adjust their consumption in response to price signals. Consequently, demand … stability is threatened. This, then, facilitates many other problems associated with electricity markets, such as market power …