| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 707090 | The Electricity Journal | 2011 | 12 Pages |
Abstract
In March 2011 the Federal Energy Regulatory Commission issued Order No. 745, Demand Response Compensation in Organized Wholesale Energy Markets. The Commission rejected economic efficiency as a suitable criterion for determining “just and reasonable” wholesale rates. The Order prescribes an inefficient pricing rule that overcompensates demand response, thereby reducing market efficiency and unfairly burdening small electricity consumers.
Related Topics
Physical Sciences and Engineering
Energy
Energy Engineering and Power Technology
Authors
Robert Borlick,