Theoretical Perspectives on three Issues of Electricity Economics
AbstractElectricity economics has stimulated the development of important branches of economic theory like the theories of peak-load and second-best pricing. Its problems are rarely simple and their difficulty is often aggravated by the non-storable nature of electricity. First intuitions can even be mis-leading. The three issues of electricity economics considered in this paper (two-part electricity pricing, the equilibria of electricity markets and their number, the endogenous determination of the extent of power outages) belong to this category. Proper answers require either the recourse to lesser known properties of the general equilibrium model (about the number of equilibria for example) or new approaches (the two-part pricing question) and models (the endogenous determination of the volume of power outages). Like other theoretical developments that have stemmed from electricity issues, these developments have a range of applications that extend beyond electricity economics.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Carnegie Mellon University, Tepper School of Business in its series GSIA Working Papers with number 2001-E18.
Date of creation:
Date of revision:
Contact details of provider:
Postal: Tepper School of Business, Carnegie Mellon University, 5000 Forbes Avenue, Pittsburgh, PA 15213-3890
Web page: http://www.tepper.cmu.edu/
Other versions of this item:
- Yves Balasko, . "Theoretical perspectives on three issues of electricity economics," GSIA Working Papers 2000-E46, Carnegie Mellon University, Tepper School of Business.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Arellano, M. Soledad & Serra, Pablo, 2007.
"Spatial peak-load pricing,"
Elsevier, vol. 29(2), pages 228-239, March.
- José Pablo Arellano, 2004. "Principios para Tarificar la Transmisión Eléctrica," Latin American Journal of Economics-formerly Cuadernos de Economía, Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 41(123), pages 231-253.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Steve Spear).
If references are entirely missing, you can add them using this form.