000010615 001__ 10615
000010615 005__ 20180122194037.0
000010615 037__ $$a1318-2016-103508
000010615 041__ $$aen
000010615 084__ $$aL51
000010615 084__ $$aL94
000010615 084__ $$aQ48
000010615 245__ $$aDemand-Side Management Programs Under Retail Electricity Competition
000010615 260__ $$c1998
000010615 269__ $$a1998
000010615 300__ $$a18
000010615 336__ $$aWorking or Discussion Paper
000010615 446__ $$aEnglish
000010615 490__ $$aDiscussion Paper 99-02
000010615 520__ $$aDemand-side management programs comprise subsidies from franchised electric utilities for the purchase of high-efficiency appliances; e.g., air conditioners. Competition in power generation threatens the viability of these programs. However, it should also reduce the warrant for them. Under regulation, the justification for such programs depends, somewhat paradoxically, on below marginal-cost pricing. Eliminating regulation should permit pricing flexibility to discourage excessive on-peak energy use. It should also eliminate the assurance of returns that may have encouraged overbuilding of generation capacity. Entrants and incumbent utilities should find it easier to offer "energy services," i.e., to bundle electricity with appliances, if consumers are too myopic to realize the benefits of increasing energy efficiency. Environmental degradation remains a problem, but competition can improve the performance of incentive-based regulations (e.g., permit trades), reducing the value of DSM as a supplemental, second-best alternative.
000010615 650__ $$aResource /Energy Economics and Policy
000010615 6531_ $$aelectricity restructuring
000010615 6531_ $$aenergy conservation
000010615 6531_ $$aregulatory policy
000010615 700__ $$aBrennan, Timothy J.
000010615 8564_ $$s86098$$uhttp://ageconsearch.umn.edu/record/10615/files/dp990002.pdf
000010615 887__ $$ahttp://purl.umn.edu/10615
000010615 909CO $$ooai:ageconsearch.umn.edu:10615$$pGLOBAL_SET
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  Previous issue date: 1998
000010615 982__ $$gResources for the Future>Discussion Papers
000010615 980__ $$a1318