Social Welfare implications of demand response programs in competitive electricity markets

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Description

The price volatility exhibited by wholesale electricity markets has stymied the movement to restructure the industry, and may derail it altogether. Market designers argue that prices are superior to regulation for directing long-term investments to the proper location and function, and that price volatility is a natural manifestation of a robustly competitive market. However, episodes of prices that soar to previously unimaginable heights try customers' patience and cause policy makers to reconsider if the prize is worth the consequences.

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Boisvert, Richard N. & Neenan, Bernard F. August 1, 2003.

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Description

The price volatility exhibited by wholesale electricity markets has stymied the movement to restructure the industry, and may derail it altogether. Market designers argue that prices are superior to regulation for directing long-term investments to the proper location and function, and that price volatility is a natural manifestation of a robustly competitive market. However, episodes of prices that soar to previously unimaginable heights try customers' patience and cause policy makers to reconsider if the prize is worth the consequences.

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vp.; OS: pc

Notes

OSTI as DE00816220

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  • Other Information: PBD: 1 Aug 2003

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  • Report No.: LBNL--52530
  • Grant Number: AC03-76SF00098
  • DOI: 10.2172/816220 | External Link
  • Office of Scientific & Technical Information Report Number: 816220
  • Archival Resource Key: ark:/67531/metadc739108

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Office of Scientific & Technical Information Technical Reports

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  • August 1, 2003

Added to The UNT Digital Library

  • Oct. 18, 2015, 6:40 p.m.

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  • April 4, 2016, 3:42 p.m.

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Boisvert, Richard N. & Neenan, Bernard F. Social Welfare implications of demand response programs in competitive electricity markets, report, August 1, 2003; Berkeley, California. (digital.library.unt.edu/ark:/67531/metadc739108/: accessed September 25, 2017), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.