Understanding consumer behaviours is important in designing dynamic tariffs, which are usually considered the first-best solution when the conventional flat tariff does not reflect the varying cost of electricity generation. I find peak prices (17:00-20:00) reduce peak and post-peak consumption...

Public utilities such as power transmission and distribution are often considered natural monopolies due to entry barriers, economies of scale and usually have specific regulations. One of the most-used regulatory tools is rate-of-return regulation, where the government determines the fair price...