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A brief summary of a series of RAND studies on the potential effects of peak-load pricing of electricity in the United States based on a review of European experience with such pricing. Analysis of European utilities clearly demonstrates that peak-load electricity rates can be successfully incorporated into the routine operations of an electric utility, and that many manufacturing industries can adjust their patterns of consumption in a manner that is beneficial to the utility and cost-saving to the customer. The evidence suggests that important savings to U.S. utilities could accompany the introduction of peak-load pricing, estimated at $0.4 to $1.8 billion per year, in fuel costs alone, and possibly expanding to $1.3 to $3.5 billion when greater efficiencies in both operating and capital costs are realized.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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