This study examines the consumer welfare effects of subsidy schemes in Vietnam’s residential electricity market based on two approaches: cash transfer and quantity–based subsidy. The study finds that, in order to attain more equal distribution across households, the reform should remove all...

We consider an electric utility company that serves retail electricity customers over a discrete-time horizon. In each period, the company observes the customers' consumption as well as high-dimensional features on customer characteristics and exogenous factors. A distinctive element of our work...

Motivated by the relatively infrequent but very large price spikes in the day-ahead and real-time energy markets operated by the Electric Reliability Council of Texas, this paper proposes an insurance that a retail electric provider (REP) may buy to mitigate financial insolvency caused by...

Consumers participate in electricity markets through intermediaries. Until recently they participated as electricity buyers through their retailers. Now, prosumers can sell energy and flexibility in the market through a new intermediary called an aggregator. The introduction of a new...