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Thursday, July 30, 2020 | History

1 edition of Welfare econometrics of peak-load pricing for electricity found in the catalog.

Welfare econometrics of peak-load pricing for electricity

Welfare econometrics of peak-load pricing for electricity

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Published by North-Holland in Amsterdam .
Written in English


Edition Notes

Statementedited by Dennis J. Aigner.
SeriesAnnals : a supplement to the Journal of Econometrics -- 1984-3
ContributionsAigner, Dennis J.
ID Numbers
Open LibraryOL20934007M

Peak-load pricing 1 is another pricing variation where the operator and government interests coincide. Peak-load pricing is useful when marginal costs vary depending on when the service is used. For example, the telecommunications operator builds his network with the capacity to serve the peak demand, which generally occurs during business a result, network costs are caused by peak. Figure \(\PageIndex{1}\): Peak Load Pricing. Figure \(\PageIndex{1}\) demonstrates the demand for electricity during the day. Demand curve \(D_1\) represents demand at off-peak hours at night. The electricity utility company will charge a price \(P_1\) for the off-peak hours. The costs of producing electricity increase dramatically during peak.

Gallant, A. Ronald and Roger W. Koenker. “Costs and Benefits of Peak Load Pricing of Electricity: A Continuous-time Econometric Approach.” Journal of Econometrics 26(1/2) (October/November)– Google Scholar. During off‐peak periods electricity derived from fuel generato Peak load pricing model of an electric utility using pumped storage - Jackson - - Water Resources Research - Wiley Online Library.

Welfare economics and peak load pricing; a theoretical application to municipal water utility practices.. [Robert Lee Greene] Book: All Authors / Contributors: Robert Lee Greene. Find more information about: ISBN: OCLC Number: \Welfare Econometrics of Peak-Load Pricing of Electricity: A Continuous-Time Approach" (with A. R. Gallant), Journal of Econometrics, 26, (), \Pricing Interactive Computer Services: A Rationale and Some Proposals for UNIX Im-.


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Welfare econometrics of peak-load pricing for electricity Download PDF EPUB FB2

North-Holland THE WELFARE ECONOMETRICS OF PEAK-LOAD PRICING FOR ELECTRICITY Editor's Introduction Dennis J. AIGNER University of Southern California, Los Angeles, CAUSA 1. Introduction Five years ago, in its inaugural Annals issue, the Journal of Econometrics published a group of papers on the specification and estimation of models for Cited by: Prices and public pressures," RAND Journal of Economics, RAND Corporation, vol.

39(3), pagesSeptember. Hirschberg, " Modelling time of day substitution using the second moments of demand," Applied Economics, Taylor & Francis Journals, vol. 32(8), pages   Journal of Econometrics 26 () North-Holland COSTS AND BENEFITS OF PEAK-LOAD PRICING OF ELECTRICITY A Continuous-Time Econometric Approach* A.

Ronald GALLANT North Carolina State University, Raleigh, NCUSA Roger W. KOENKER University of Illinois, Urbana, ILUSA We address the following question of current policy interest: Would the Cited by: select article The welfare econometrics of peak-load pricing for electricity: Editor's Introduction.

Dynamic Peak-Load Pricing ∗ Oz Shy† University of Haifa and Stockholm School of Economics Revised, Febru Crew, M., and P. Kleindorfer,Public Utility Economics. In the light of the significance of time-differential tariffs reflecting temporal cost variations in electricity supply, the present study attempts at a marginalist approach to peak-load pricing, incorporating reliability considerations under various welfare-related assumptions, and supplemented with empirical substantiation, suitable for less.

The model is formulated in continuous time and thus is capable of evaluating demand responses and welfare consequences of quite arbitrary changes in pricing policy. A model of long-run electricity costs - viewed as a functional of the daily load cycle - is constructed based on engineering data.

“ The Welfare Econometrics of Peak-Load Pricing for Electricity,” Journal of Econometrics: Annals –, 26 (09 / 10 ), pp.

1 – 4 Energy has a time dimension and is now commonly measured in kilowatt-hours. Time-of-day (peak-load) pricing of electricity is an indirect form of load management that prices electricity according to differences in the cost of supply by time of day and season of year. Leading researchers have contributed papers on topics such as welfare econometrics of peak-load pricing for electricity, censored or truncated regression models, non-nested models, model specification, econometric analysis of duration data, pre-test and Stein-rule estimators, Bayesian analysis of econometric models etc.

“Optimal Pricing in Electrical Networks Over Space and Time”,Rand Journal of Economics, 15(3): – Google Scholar Boiteux, M. A "quick look up guide," Electricity Cost Modeling Calculations places the relevant formulae and calculations at the reader's finger tips. In this book, theories are explained in a nutshell and then the calculation is presented and solved in an illustrated, step-by-step fashion.

This paper develops the welfare foundations of peak-load pricing under uncertainty, building on Brown and Johnson (), Crew and Kleindorfer (), and Chao (). The context is that of a welfare-maximizing public enterprise facing uncertain and nondeferrable demand, and uncertain supply. The paper first describes various elements of outage cost, including rationing costs, disruption.

Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): (external link). "The welfare econometrics of peak-load pricing for electricity: Editor's Introduction," Journal of Econometrics, Elsevier, vol.

26(), pages Woo, Chi-Keung, " Efficient Electricity Pricing with Self-Rationing," Journal of Regulatory Economics, Springer, vol.

2(1), pagesMarch. Public utilities supply a set of goods and services that are central to the workings of a modern economy.

Their importance in the economy's structure is matched by the interest and complexity of the problems they present for economic analysis. This two-volume set includes the most important and influential papers in the development of public utilities economics.2/5(1). This paper develops the welfare foundations of peak-load pricing under uncertainty, building on Brown and Johnson (), Crew and Kleindorfer (), and Chao ().

The context is that of a welfare-maximizing public enterprise facing uncertain and nondeferrable demand, and uncertain supply. The European Union, in an effort to boost the use of Renewable Energy Sources (RES) in power generation, applies supportive tools consisting in financial motivation either as grants or as subsidies.

According to welfare economics, a subsidy should reflect the external benefits; otherwise a distortion of competition takes place.

The most widespread method to calculate externalities is the. Byatt, I.C.R. "The Genesis of the Present Pricing System in Electricity Supply." Oxford Economic Papers 15(1) March, Crew Michael A, Peak Load Pricing with a diverse technology Bell Journal of Economics, Spring Cambridge Core - Microeconomics - Economics of Electricity - by Anna Cretì.

‘This book fills an important gap in the market for a graduate level textbook of electricity economics that sets out the physics, mathematics, economics and institutional elements needed to understand modern electricity. Aigner, D. J. (ed) () ‘Welfare Econometrics of Peak-Load Pricing for Electricity’, Annals of the Journal of Econometrics, vol.

26, nos 1–2, pp. 1– CrossRef Google Scholar.The Second Edition of Economics of Food and Agricultural Markets () is written for applied intermediate microeconomics courses.

The book showcases the power of economic principles to explain and predict issues and current events in the food, agricultural, agribusiness, international trade, labor markets, and natural resource sectors.

The field of agricultural economics is relevant.Downloadable! Consider a public utility that offers its service at two different times.

We study the effects of a change from uniform pricing throughout the day to peak-load pricing. We show that for a utility constrained to operate with a fixed rate of return on capital, the introduction of peak-load pricing can plausibly reduce the price of the service *both* in peak and off-peak times.