On estimating the effects of peak demand pricing Journal Articles

abstract

• AbstractExtreme value distributions are seldom used in economics, despite what seems to be a natural application to peak demand pricing. This paper estimates the effect of an individual peak demand charge which is a component of the standard industrial electricity rate structure. The extreme value distribution is used in forming the likelihood function of individual peak demand which is then estimated on a sample of five Ontario cement firms from 1970–1977. Goodness‐of‐fit tests tend to support the use of the extreme value distribution.

authors

• Veall, Michael Robert

status

• published 

publication date

• January 1986

has subject area

• 1402 Applied Economics (FoR)
• 1403 Econometrics (FoR)
• Econometrics (Science Metrix)

published in

• Journal of applied econometrics  Journal

keywords

• 38 Economics
• 3801 Applied Economics

Digital Object Identifier (DOI)

• 10.1002/jae.3950010106

start page

• 81

end page

• 93

volume

• 1

issue

• 1