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http://ssrn.com/abstract=2203174
 
 

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Efficient Retail Pricing in Electricity and Natural Gas Markets


Steven L. Puller


Texas A&M University

Jeremy West


Texas A&M University - Department of Economics

January 16, 2013

American Economic Review Papers and Proceedings, Forthcoming

Abstract:     
A long line of research investigates whether the retail prices of electricity and natural gas send proper signals about scarcity in order to induce efficient consumption. Historically, regulated utilities have not designed tariffs that set marginal prices equal to marginal costs. Currently, some jurisdictions are opening the retail sectors to competition via "retail choice." These new regimes replace imperfect regulation with imperfect competition as the process by which retail tariffs are formed. We discuss the challenges in evaluating the efficiency of tariffs and present evidence of how pricing has changed in markets with retail choice.

Number of Pages in PDF File: 12

Keywords: electricity, markets, deregulation, retail choice, tariff functions

JEL Classification: L11, Q41, Q48

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Date posted: February 14, 2013  

Suggested Citation

Puller, Steven L. and West, Jeremy, Efficient Retail Pricing in Electricity and Natural Gas Markets (January 16, 2013). American Economic Review Papers and Proceedings, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2203174

Contact Information

Steven L. Puller (Contact Author)
Texas A&M University (TAMU) ( email )
College Station, TX 77843
United States
Jeremy West
Texas A&M University (TAMU) - Department of Economics ( email )
5201 University Blvd.
College Station, TX 77843-4228
United States
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