Abstract
To estimate the benefits of peak-load electricity pricing it is necessary to consider the demand curves of different types of consumer within each subperiod. In this paper the author first examines a two-period case with two types of consumer and one type of generating technology. This illustrates the complexity of analysing the welfare gains associated with demand meters. Most of the simplifying assumptions are then relaxed and consideration is given to some of the complications which arise in a multi-period world with more than one type of technology for producing electric power. Finally the author considers questions of equity as well as efficiency in the pricing of electricity in the USA.
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