Engineering
8 years ago

Electricity prices to fluctuate wildly across locations and voltage levels.

The RAND Journal of Economics
Optimal Pricing in Electrical Networks over Space and Time
Roger E. Bohn, Michael C. Caramanis, Fred C. Schweppe

Paper Summary

The article discusses how to set prices for electricity in a network. The researchers found that prices change based on where you are and when it is, and are affected by how much electricity is being used. The way prices are set now is different from the new method they suggest.

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