... AAK Chaudhry, September '65: Before and After, Karachi: Ferozsons Ltd, p. 70. 9. Col. SG... 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. ...
California's power crisis has implications for power markets world wide, because of the sever... 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
Since the energy crisis disrupted markets in California and several other western states in 2000-... 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
Markets, Pricing, and Deregulation of Utilities, 2002
One of the primary reasons that the electricity market failed in California during the 2000–2001 ... 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
This paper draws from observations of other deregulated industries to describe the likely transit... 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
In a deregulated setting, an approach dubbed the “get-out-of-jail card” offers customers the chan... more 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.
Dynamic pricing has garnered much interest among regulators and utilities, since it has the poten... 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.
... AAK Chaudhry, September '65: Before and After, Karachi: Ferozsons Ltd, p. 70. 9. Col. SG... 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. ...
California's power crisis has implications for power markets world wide, because of the sever... 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
Since the energy crisis disrupted markets in California and several other western states in 2000-... 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
Markets, Pricing, and Deregulation of Utilities, 2002
One of the primary reasons that the electricity market failed in California during the 2000–2001 ... 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
This paper draws from observations of other deregulated industries to describe the likely transit... 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
In a deregulated setting, an approach dubbed the “get-out-of-jail card” offers customers the chan... more 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.
Dynamic pricing has garnered much interest among regulators and utilities, since it has the poten... 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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