Fairness and dynamic pricing: comments

Journal Article · Thu Jul 15 00:00:00 EDT 2010 · Electricity Journal

DOI:https://doi.org/10.1016/J.TEJ.2010.05.015· OSTI ID:21337903

Hogan, William W

In ''The Ethics of Dynamic Pricing,'' Ahmad Faruqui lays out a case for improved efficiency in using dynamic prices for retail electricity tariffs and addresses various issues about the distributional effects of alternative pricing mechanisms. The principal contrast is between flat or nearly constant energy prices and time-varying prices that reflect more closely the marginal costs of energy and capacity. The related issues of fairness criteria, contracts, risk allocation, cost allocation, means testing, real-time pricing, and ethical policies of electricity market design also must be considered. (author)

• OSTI ID: 21337903
• Journal Information: Electricity Journal, Vol. 23, Issue 6; Other Information: Elsevier Ltd. All rights reserved; ISSN 1040-6190
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
RETAIL PRICES
ALLOCATIONS
COST
ELECTRIC POWER
ETHICAL ASPECTS
CAPACITY
CONTRACTS
DESIGN
EFFICIENCY
HAZARDS
MARKET
MARGINAL-COST PRICING
PEAK-LOAD PRICING
TIME-OF-USE PRICING