Dynamic Pricing of Electricity
- (pp. 381-85)
AbstractAs both a regulator and an academic, Fred Kahn argued that end-use electricity consumers should face prices that reflect the time-varying marginal costs of generating electricity. This has been very slow to happen in the US, even in light of recent technological advances that have lowered costs and improved functionality for meters and automated demand response technologies. We describe these recent developments and discuss the remaining barriers to the proliferation of time-varying electricity pricing.
CitationJoskow, Paul L., and Catherine D. Wolfram. 2012. "Dynamic Pricing of Electricity." American Economic Review, 102 (3): 381-85. DOI: 10.1257/aer.102.3.381
- L11 Production, Pricing, and Market Structure; Size Distribution of Firms
- L94 Electric Utilities
- L98 Industry Studies: Utilities and Transportation: Government Policy
- Q41 Energy: Demand and Supply