The Alchemy of Demand Response: Turning Demand into Supply
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.
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Volume (Year): 22 (2009)
Issue (Month): 9 (November)
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