Marginal costs of electricity vary by time and location. In the past, researchers attributed the variations to factors related to electricity generation and transmission. These authors, however, have not analyzed possible variations in marginal distribution capacity costs (MDCC). The objectives...

Securing forward contracts to manage procurement-cost risk is an intuitively appealing and economically reasonable strategy for a load-serving local distribution company (LDC) in today’s volatile electricity marketplace. However, knowing what to buy does not guarantee least-cost...

We estimate the option value of a non-firm electricity tariff commonly used by a local distribution company (LDC) in its electricity demand response program. This option value captures the benefit that a LDC enjoys from not serving an end-use load during high-price hours in a wholesale...

This paper implements a normalization/regression-based approach to estimate the kWh energy and kW savings from an experimental OEEP (operational energy-efficiency program) for municipal water pumping in California. The voluminous 1-min data collected in the course of the OEEP presents a unique...

Hong Kong has almost perfect electricity reliability, the result of substantial investments ultimately financed by electricity consumers who may be willing to accept lower reliability in exchange for lower bills. But consumers with high outage costs are likely to reject the reliability...

Accurate hourly photovoltaic (PV) output data are useful for engineering design, cost-effectiveness evaluation, rate design, system operation, transmission planning, risk management, and policy analysis. However, a large sample of hourly metered PV data is seldom available, and engineering...

We explore three voluntary service options—real-time pricing, time-of-use pricing, and curtailable/interruptible service—that a local distribution company might offer its customers in order to encourage them to alter their electricity usage in response to changes in the...

A large sample of daily electricity consumption and pricing data are available from a pilot study conducted by BC Hydro in British Columbia (Canada) of its residential customers under optional time-varying pricing and remotely-activated load-control devices for the four winter months of November...

This review is motivated by our recognition that an adequate and reliable electricity supply is a critical element in economic growth. From a customer’s perspective, electricity has several distinct attributes: quality, reliability, time of use, consumption (kWh) volume, maximum demand (kW),...