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The disconnect between price variability of wholesale electricity sales and the uniformity of the retail prices observed by most consumers results in well documented inefficiencies. Time-of-use (“TOU”) electricity tariffs offer a middle-ground between dynamic wholesale prices and flat retail...
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carbon pricing is imperfect. This policy is efficient for low market shares of intermittent renewables in the energy system …
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carbon pricing is imperfect. This policy is efficient for low market shares of intermittent renewables in the energy system …
Persistent link: https://www.econbiz.de/10011911934
We extend the theory of peak-load pricing by considering that the production with different technologies can be … dispatchability, some standard results of peak-load pricing break down, e.g., not all types of capacity will be employed. Either a …
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such a random supply realizes. These capacities cannot react instantly, which creates a demand for gas turbines to balance …-load pricing and contribute to the debate on market design and capacity payments. Steam power always recovers costs, gas turbines …
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