Showing papers by "Peter C. Taylor published in 1994"

TL;DR: In this paper, the relationship between the level of demand and the system marginal price (SMP) is examined for both Table A and Table B periods, and the theoretical basis for an alternative method of formulating SMP that more closely reflects the true marginal cost of generation in periods of high demand is presented.

TL;DR: In this article, the authors use price surveys from both government and industry to examine prices during two corresponding quarters of 1991 and 1992 and empirically derive a pricing formula for the unit cost of electricity and find that it is mainly dependent on load factor and volume of electricity purchased, although a wide discrepancy was found between the prices paid by equivalent consumers.