Price-elastic demand in deregulated electricity markets
Description:
The degree to which any deregulated market functions efficiently often depends on the ability of market agents to respond quickly to fluctuating conditions. Many restructured electricity markets, however, experience high prices caused by supply shortages and little demand-side response. We examine the implications for market operations when a risk-averse retailer's end-use consumers are allowed to perceive real-time variations in the electricity spot price. Using a market-equilibrium model, we …
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Date:
May 1, 2003
Creator:
Siddiqui, Afzal S.
Item Type:
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UNT Libraries Government Documents Department