Wealth Transfers from Implementing Real-Time Retail Electricity Pricing

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Borenstein, Severin;
  • Publisher: eScholarship, University of California
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    • jel: jel:L9

Adoption of real-time electricity pricing %u2014 retail prices that vary hourly to reflect changing wholesale prices %u2014 removes existing cross-subsidies to those customers that consume disproportionately more when wholesale prices are highest. If their losses are su... View more
  • References (7)

    2 See Borenstein (2005a), Borenstein (2005b), Borenstein and Holland (forthcoming), and Holland and Mansur (2005).

    12 The magnitudes of these aggregate consumer gains are consistent with the effects that Borenstein (2005a) and Holland and Mansur (2005) find.

    Barbose, Galen, Charles Goldman and Bernie Neenan. “A Survey of Utility Experience with Real-Time Pricing,” Lawrence Berkeley National Laboratory Working Paper No. LBNL-54238, December 2004. Available at http://eetd.lbl.gov/ea/ems/reports/54238.pdf.

    Borenstein, Severin. “The Long-Run Efficiency of Real-Time Electricity Pricing,” Energy Journal, 26(3), 2005(a).

    Borenstein, Severin. “Time-Varying Retail Electricity Prices: Theory and Practice,” in Griffin and Puller, eds., Electricity Deregulation: Choices and Challenges, Chicago: University of Chicago Press, 2005(b).

    Holland, Stephen P. and Erin T. Mansur. “The Distributional and Environmental Effects of Time-Varying Prices in Competitive Electricity Markets” Center for the Study of Energy Markets Working Paper #143, University of California Energy Institute, May 2005. Available at http://www.ucei.org.

    PJM Interconnection Market Monitoring Unit. “2004 State of the Market Report,” March 2005. Available at http://www.pjm.com/markets/market-monitor/downloads/mmureports/pjm-som-2004.pdf.

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