Estimation of Electricity Marginal Costs and Application to Pricing
Los Angeles, California
17 October 2012- 19 October 2012
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 17-19 October 2012, provided theoretical background on marginal cost and pricing principles. Taught by NERA Senior Consultant Amparo Nieto and Special Consultant Dr. Hethie Parmesano, the course was structured as two separate workshops, and attendees were free to sign up for only one workshop or both. Workshop 1, Marginal Costing (17-18 October), 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 (19 October), provided an overview of the pricing principles, as well as detailed discussions of the steps required to develop a set of marginal cost-based rates, revenue requirement allocations, and demand-response and dynamic rate options.
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