Carnegie Mellon University
©
Dr. Rahul Tongia
20
Draft – Subject to Change
Own-Price
Elasticities
California
SPP vs. Nationwide Historical Results
1980
1985
1990
1995
2000
2005
-0.5
0.0
-0.1
-0.2
-0.3
-0.4
-0.6
-0.7
-0.8
-0.9
California
2003 SPP CPP-F Critical Peak Days
Nationwide
Historical Results
Average
= -0.30
US Industry Experience
Source:
Predicting California Demand Response, Chris King and Sanjoy
Chatterjee, Public Utilities Fortnightly, July 1, 2003.