... AAK Chaudhry, September '65: Before and After, Karachi: Ferozsons Ltd, p. 70. 9. Col. SG Mehdi, 1965 War Facts, Fibs and Fiction, The Pakistan Times, 6 September 1977. 10. Gen. ... 19. Lt Gen. AAK Niazi, The Betrayal of East... more
... AAK Chaudhry, September '65: Before and After, Karachi: Ferozsons Ltd, p. 70. 9. Col. SG Mehdi, 1965 War Facts, Fibs and Fiction, The Pakistan Times, 6 September 1977. 10. Gen. ... 19. Lt Gen. AAK Niazi, The Betrayal of East Pakistan, Oxford University Press, 1998. 20. ...
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California's power crisis has implications for power markets world wide, because of the severity and unpredictability of its impacts. This paper discusses the causes of the crisis and derives lessons for energy policy makers. The... more
California's power crisis has implications for power markets world wide, because of the severity and unpredictability of its impacts. This paper discusses the causes of the crisis and derives lessons for energy policy makers. The crisis was triggered by a fundamental imbalance between the growing demand for power and stagnant power supply. California's market design greatly magnified the problem, by
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... Preface. On the search for accuracy in electric utility forecasting. Ahmad Faruqui ,†. Article first published online: 21 SEP 2006. DOI: 10.1002/for.3980060204. Copyright © 1987 John Wiley & Sons, Ltd. Issue. Journal of... more
... Preface. On the search for accuracy in electric utility forecasting. Ahmad Faruqui ,†. Article first published online: 21 SEP 2006. DOI: 10.1002/for.3980060204. Copyright © 1987 John Wiley & Sons, Ltd. Issue. Journal of Forecasting. Volume 6, Issue 2, pages 93–95, 1987. ...
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Since the energy crisis disrupted markets in California and several other western states in 2000-2001, much attention has been given to boosting demand response in electricity markets. One of the best ways to let that happen is to let... more
Since the energy crisis disrupted markets in California and several other western states in 2000-2001, much attention has been given to boosting demand response in electricity markets. One of the best ways to let that happen is to let customers see the dynamic variation in wholesale energy costs. This can be accomplished by letting retail prices vary dynamically, but that
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One of the primary reasons that the electricity market failed in California during the 2000–2001 period was the lack of dynamic demand response to rising wholesale electricity prices. Had retail customers seen rising prices also, they... more
One of the primary reasons that the electricity market failed in California during the 2000–2001 period was the lack of dynamic demand response to rising wholesale electricity prices. Had retail customers seen rising prices also, they would have cut back on usage, thereby diminishing the ability of sellers to charge high prices. Having experienced power blackouts in the winter of
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This paper draws from observations of other deregulated industries to describe the likely transition to competitive retail electricity markets. The paper describes risk-differentiated products and lays out the principles for risk-based... more
This paper draws from observations of other deregulated industries to describe the likely transition to competitive retail electricity markets. The paper describes risk-differentiated products and lays out the principles for risk-based pricing. The paper also addresses the strategy of bundling value-added services with retail electricity. Finally, the paper presents conclusions of how successful energy service providers might be able to
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In a deregulated setting, an approach dubbed the “get-out-of-jail card” offers customers the chance to engage in more selective and less expensive hedging activities than offered by conventional hedges.
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Dynamic pricing has garnered much interest among regulators and utilities, since it has the potential for lowering energy costs for society. But the deployment of dynamic pricing has been remarkably tepid. The underlying premise is that... more
Dynamic pricing has garnered much interest among regulators and utilities, since it has the potential for lowering energy costs for society. But the deployment of dynamic pricing has been remarkably tepid. The underlying premise is that dynamic pricing is unfair. But the presumption of unfairness in dynamic pricing rests on an assumption of fairness in today's tariffs.
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... View Within Article. As noted earlier, there is no reference to CS in SPM, which relies instead on changes in the consumer's bill to measure changes in consumer welfare. The ... effectiveness. Thus, they choose to focus only on... more
... View Within Article. As noted earlier, there is no reference to CS in SPM, which relies instead on changes in the consumer's bill to measure changes in consumer welfare. The ... effectiveness. Thus, they choose to focus only on bill changes. ...
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... AMI penetration rates are in the double digits in eight states. However, most utilities withAMI system still do not have dynamic pricing designs in place. ... The California experiment provided time-varying prices and smart meters to... more
... AMI penetration rates are in the double digits in eight states. However, most utilities withAMI system still do not have dynamic pricing designs in place. ... The California experiment provided time-varying prices and smart meters to all participants. ...
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... The Power of Dynamic Pricing. Ahmad Faruqui, Ryan Hledik and John Tsoukalis [Author vitae]. ... Distribution of Bill Impacts XII. ... This time-varying rate structure provides customers with an opportunity to reduce electricity bills... more
... The Power of Dynamic Pricing. Ahmad Faruqui, Ryan Hledik and John Tsoukalis [Author vitae]. ... Distribution of Bill Impacts XII. ... This time-varying rate structure provides customers with an opportunity to reduce electricity bills through reductions in peak period consumption. ...
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Articles Articles, All fields, Author, Advanced search. ... Dynamic pricing would have given customersan incentive to lower loads during peak times which, in turn, would ... interval meters and makes economic sense only if its benefits... more
Articles Articles, All fields, Author, Advanced search. ... Dynamic pricing would have given customersan incentive to lower loads during peak times which, in turn, would ... interval meters and makes economic sense only if its benefits exceed the costs of the new metering infrastructure. ...
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A new crop of rate cases provides a unique window of opportunity to rationalize rate designs so that they more accurately reflect the underlying economics of electricity supply, so that prices are more easily understood by customers, and... more
A new crop of rate cases provides a unique window of opportunity to rationalize rate designs so that they more accurately reflect the underlying economics of electricity supply, so that prices are more easily understood by customers, and so that they provide more accurate and cost-effective incentives for energy efficiency and demand response. (author)
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To address the likely impact of the smart grid on customers, utilities, and society as a whole, it may be necessary to conduct a pilot. When should a pilot be conducted and how should it be conducted? What validity criteria should the... more
To address the likely impact of the smart grid on customers, utilities, and society as a whole, it may be necessary to conduct a pilot. When should a pilot be conducted and how should it be conducted? What validity criteria should the pilot satisfy? Here are issues to consider.
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Abstract The authors summarize a recent study conducted by the Electric Power research Institute (EPRI) that contains estimates of potential energy savings that will result if the most efficient electricity technologies readily available... more
Abstract The authors summarize a recent study conducted by the Electric Power research Institute (EPRI) that contains estimates of potential energy savings that will result if the most efficient electricity technologies readily available immediately attain complete market ...
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... 1 Unlocking the 53 Billion Savings from Smart Meters in the EU How increasing the adoption of dynamic tariffs could make or break the EU's smart grid investment By Ahmad Faruqui, Dan Harris and Ryan Hledik December 2009 Abstract... more
... 1 Unlocking the 53 Billion Savings from Smart Meters in the EU How increasing the adoption of dynamic tariffs could make or break the EU's smart grid investment By Ahmad Faruqui, Dan Harris and Ryan Hledik December 2009 Abstract ...
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... USA. Ahmad Faruqui and Ken Seiden are with Barakat Chamberlin Inc, 180 Grand Avenue, Oakland, CA 94612, USA. ... This rise in temperature may increase the share of precipitation that falls as rain at the expense of snow. Winter ...
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In theory, In-Home Displays (IHDs) can revolutionize the way utilities communicate information to customers because they can induce changes in customer behavior even when they are not accompanied by a change in electric prices or rebates... more
In theory, In-Home Displays (IHDs) can revolutionize the way utilities communicate information to customers because they can induce changes in customer behavior even when they are not accompanied by a change in electric prices or rebates for purchasing efficient equipment. ...
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The Midwest Independent System Operator (MISO) runs the power grid in 14 states and one Canadian province and has a peak demand of some 116,000MW. Its operational area is richly supplied with reliability-triggered demand response programs... more
The Midwest Independent System Operator (MISO) runs the power grid in 14 states and one Canadian province and has a peak demand of some 116,000MW. Its operational area is richly supplied with reliability-triggered demand response programs such as direct load control of residential appliances and curtailable/interruptible rates for commercial and industrial customers. However, economic demand response programs are lacking. This paper discusses three different ways in which such programs can be introduced in the wholesale energy markets run by MISO. These include, first, an approach in which utilities and load serving entities move retail customers to dynamic pricing and other time-based pricing rates; second, an approach in which these same entities and possibly third-parties bid price responsive demand curves into the wholesale market; and third, an approach in which demand response is bid as a supply resource into the wholesale market.
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... per capita wealth in the West was 61% higher than that in the East.56 Despite its programme of Islamic socialism, the subsequent civilian regime of Zul-fiqar Ali Bhutto heightened these inequalities in the 1970s.57 Feudal landlords... more
... per capita wealth in the West was 61% higher than that in the East.56 Despite its programme of Islamic socialism, the subsequent civilian regime of Zul-fiqar Ali Bhutto heightened these inequalities in the 1970s.57 Feudal landlords consti-...
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The authors, an ad-hocgroup of professionals with experience in regulatory and energy economics, share a common concern with the continuing turmoil facing the electricity industry ("the... more
The authors, an ad-hocgroup of professionals with experience in regulatory and energy economics, share a common concern with the continuing turmoil facing the electricity industry ("the industry") in California. Most ofthe authorsendorsed the first California Electricity ...