This paper presents and analyzes the results of a recent field experiment in which residential electricity customers in Washington State with price-responsive in-home devices could use those devices to change their electricity consumption autonomously. Doing so also required an important...

Smart metering can bring significant benefits to electricity markets by allowing customers to reduce demand or increase supply when generation capacity is temporarily scarce. To reap the full efficiency and environmental benefits of this technology, regulators must allow price volatility and...

chapter 1 Introduction -- chapter 2 A brief history and theory of electric utility regulation in the United States -- chapter 3 A decentralized coordination framework for analyzing regulatory institutions -- chapter 4 Rethinking retail regulation: Enabling active demand and retail choice --...