Market-based pricing and demand-side participation in the electricity pool of England and Wales

Technical Report · Fri Mar 01 04:00:00 EST 1996

OSTI ID:254482

Bunn, D W ^[1]

---

1. London Business School, London (United Kingdom)

This paper focuses upon the workings of the electricity pool of England and Wales. Created as a generators` pool, with the twin objectives of preserving order-of-merit dispatch and setting marginal-cost pricing signals, it is now evident that the system may not provide an efficient market-clearing mechanism from the consumers` perspective. Thus, over the five years since its inception, there have been repeated calls to incorporate more explicitly demand-side pricing signals into the process. A number of official reviews and various consultants have looked at the issue and there have been trial periods of active demand-side bidding. This paper reviews that experience to date.

• Research Organization: Electric Power Research Inst., Palo Alto, CA (United States)
• OSTI ID: 254482
• Report Number(s): EPRI-TR--106232; CONF-960330--
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
DEMAND FACTORS
ELECTRIC POWER INDUSTRY
MARKETING
PERFORMANCE
POWER POOLING
SUPPLY AND DEMAND
UNITED KINGDOM