Electricity Marginal Cost Pricing: Applications in Eliciting Demand Responses

The book begins with a clear and rigorous explanation of the theory of efficient pricing, how this theory impacts the players (Investor-owned, Publicly-owned, Cooperatively-owned, other) and Cost Models (multiple-output, functional form, etc.). Once the basics are established, the author moves on to include self contained chapters applying estimating cost models, cubic cost specification and policy implications. Case studies taken from the author's own experiences are presented to provide actual data and examples engineers to get "a feel" for the methods which efficient prices are derived and which model would best incentivize consumers to make the appropriate investments in energy efficiency. The book is accompanied by a companion website with will allow for the testing of methods and validating results. A guide to cost issues surrounding the generation, transmission, and distribution of electricity Clearly explains cost models which can yield the marginal cost of supplying electricity to end-users Real-world examples that are practical, meaningful, and easy to understand Explans the policy implications of each example  Provide suggestions to aid in the formation of  the optimal market price