Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE ( © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 14 April 2021

Abstract and Keywords

Power from electricity is so fundamental to a modern economy that it is commonly viewed as a necessity rather than an optional commodity or service. Electric power is undifferentiated and available nearly constantly, but the diversity of its applications enables some differentiation of retail products and prices via conditions of delivery such as time, location, and reliability, and similar differentiation occurs in wholesale markets. This article begins with a background on the electric power industry. It then discusses pricing in wholesale markets, pricing in retail markets, theory of electricity pricing, and factors affecting the evolution of electricity pricing.

Keywords: electric power industry, wholesale markets, retail markets, electricity pricing

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.