Demand response - changing prices to reduce consumption at peak demand - creates value when it encourages electricity consumers to reduce load at peak times by either curtailing energy-using activities or shifting them to off-peak times. Load that is reduced during times when the power system...

The U.S. Environmental Protection Agency has proposed standards for "nutrient" water pollution in Florida. Unfortunately, the EPA proposal relies on command-and-control mechanisms rather than more efficient market approaches to limiting surface water pollution. In addition, in its proposed rule,...

Critical peak pricing and peak time rebate programs offer benefits by increasing system reliability, and therefore, reducing capacity needs of the electric power system. These benefits, however, decrease substantially as the size of the programs grows relative to the system size. More flexible...