| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 706856 | The Electricity Journal | 2009 | 16 Pages |
Abstract
Paying customers to refrain from purchasing products they want seems to run counter to the normal operation of markets. Demand response should be interpreted not as a supply-side resource but as a secondary market that attempts to correct the misallocation of electricity among electric users caused by regulated average rate tariffs. In a world with costless metering, the DR solution results in inefficiency as measured by deadweight losses.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Cliff Rochlin,