Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
706783 | The Electricity Journal | 2010 | 5 Pages |
Abstract
Dynamic pricing holds out the promise of shifting peak demand as well as reducing overall demand. But it also raises thorny issues of fairness. All practical pricing systems involve tradeoffs between equity and efficiency. I examine the circumstances under which equity ought to be allowed to trump efficiency and whether or not this constitutes a defense of flat pricing.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Martin Bunzl,