haku: @indexterm Price theory / yhteensä: 201
viite: 99 / 201
| Tekijä: | Outhred, H. R. |
| Otsikko: | Electricity pricing : optimal operation and investment by industrial consumers. |
| Lehti: | Energy Policy
1988 : AUG, VOL. 16:4, p. 384-393 |
| Asiasana: | PRICE THEORY PRICE POLICY ELECTRICITY SUPPLY INDUSTRY TARIFFS |
| Kieli: | eng |
| Tiivistelmä: | Ongoing research is described in the areas of economically efficient electricity pricing and industrial consumer response. The main theoretical result is from a new improved electricity pricing theory that models future uncertainty and inter-temporal linkages between decisions. This demonstrates that economically efficient electricity prices should have two components: short-term marginal cost plus a term that reflects how a particular decision is likely to affect future global welfare. These models are described, and simulation studies show the improved economic efficiency and risk sharing of a system of spot and forward contracts compared with a conventional time-of-use tariff structure. |
SCIMA