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Rate restructuring using marginal cost

Journal Article · · Electr. World; (United States)
OSTI ID:5018662
A discussion is given of rate structuring for electric power peak-load pricing based on the marginal-cost approach. The marginal cost economic theory states that, if the price of every commodity is set equal to its marginal cost, then society's scarce resources allocated so as to maximize consumer satisfaction. Economic efficiency, the fairness of price setting, and aspects of time-of-day rates are discussed. (PMA)
Research Organization:
National Economic Research Associates Inc., New York
OSTI ID:
5018662
Journal Information:
Electr. World; (United States), Journal Name: Electr. World; (United States) Vol. 188:5; ISSN ELWOA
Country of Publication:
United States
Language:
English