Estimation of Electricity Marginal Costs and Application to Pricing
Los Angeles, California
21 September 2011- 23 September 2011
Hosted By: NERA Economic Consulting
In today's world, with growing emphasis on energy efficiency, intermittent renewable resources, and fast technological progress in metering and communications, it is critical for utilities to know what their marginal costs of electricity service are. This NERA course, held in Los Angeles on 21-23 September 2011, provided theoretical background on marginal cost and pricing principles. Taught by Senior Consultant Amparo Nieto and Special Consultant Dr. Hethie Parmesano, the course was structured as two separate workshops. Workshop 1, Marginal Costing (21-22 September), provided theoretical background on marginal cost principles, in-depth discussions of the appropriate methods to estimate marginal costs, and group exercises. Workshop 2, Marginal Cost Pricing (23 September), provided an overview of the pricing principles, as well as a detailed discussion of the steps required to develop a set of marginal cost-based rates, demand-response options, revenue requirement allocations, and program implementation measures.
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