On estimating the effects of peak demand pricing

Michael Veall

Journal of Applied Econometrics, 1986, vol. 1, issue 1, 81-93

Abstract: Extreme 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.

Date: 1986
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https://doi.org/10.1002/jae.3950010106

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Journal Article: On Estimating the Effects of Peak Demand Pricing (1986)
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