Abstract
The supposed inefficiency of declining block rates is greatly exaggerated. In fact, evidence shows that rates that vary significantly from the cost of service—e.g., as they might for winter heating customers of a summer peaking utility —worsen economic efficiency.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.