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- Publication Date: August 2004
- Publishing Organization: U.S. Department of Energy, Ernest Orlando Lawrence Berkeley National Laboratory
- Format: PDF
and institutional customers, commercial, day-ahead electricity market prices, decision-making practices, doe - lbl, energy economists, external relationships, interviews with 29 large industrial, knowledge structures, minimize operating costs and optimize profit, niagara mohawk power corporation, nmpc, private firms, public sector institutions' operating conditions, real time pricing, rtp, short-term fluctuations in electricity prices, smart grid, technical paper, theories of rational firm behavior
This paper discusses how well private firms and public sector institutions' operating conditions, knowledge structures, decision-making practices, and external relationships comport with real time pricing assumptions and how this might impact price response. This paper is based on interviews with 29 large (over 2 MW) industrial, commercial, and institutional customers in the Niagara Mohawk Power Corporation service territory that have faced day-ahead electricity market prices since 1998.