Real Time Pricing and the Real Live Firm
July 31, 2004
U.S. Department of Energy, Ernest Orlando Lawrence Berkeley National Laboratory
Mithra Moezzi, Charles Goldman, Osman Sezgen, Ranjit Bharvirkar, Nicole Hopper
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.
