@techreport{684, keywords = {Energy Markets and Policy Department, Energy Analysis and Environmental Impacts Division}, author = {Richard Boisvert and Peter Cappers and Bernard Neenan and Bryan Scott}, title = {Industrial and Commercial Customer Response To Real Time Electricity Prices}, abstract = {

This paper uses hourly data from industrial and commercial customers that volunteered to participate in Central and Southwest Service{\textquoteright}s (CSW) real-time pricing (RTP) programs to characterize the induced price response. The CSW RTP program, which adopted the two-part, revenue neutral design first introduced by Niagara Mohawk, was introduced to large commercial and industrial customers in Oklahoma 1994, and later in other jurisdictions. This study used summer months{\textquoteright} price and usage data for the period 1998-2001. Most of the participants had gained substantial experience managing load under RTP by 1998, and this period was characterized by considerable price volatility.

}, year = {2004}, pages = {53}, month = {12/2004}, institution = {Neenan Associates }, publisher = {Neenan Associates }, }