The Response of Industrial Customers to Electric Rates Based Upon Dynamic Marginal Costs
分析尼亚加拉莫霍克电力公司实时定价实验的结果，测量大型工业用户对基于动态边际成本的电价的响应，包括跨小时价格弹性。
Recent advances in technology and in the theory of electric utility operations and planning have led to an in- creased interest in rate and service options that are differen- tiated over short time intervals. The purpose of this paper is to describe the results from an analysis of a real-time pricing experiment recently conducted at Niagara Mohawk Power Corporation. The objective of the experiment is to measure the response of large industrial customers to dynamic, fully time-differentiated, marginal cost-based electricity rates over a broad range of industries. Because of its design features, including the establishment of an experimental control group, the Niagara Mohawk study provides a rare opportunity to study large user response to real-time pricing, including inter-hour price elasticities.