Does demand response increase or decrease overall electricity usage?
Mitigating Transition Costs: The Utility's Role
Commercial & Industrial 60% (by 1998) Residential 40% (by 2000) Total Energy 24,700 GWh (by 2000) Avg. Market Price 2.5¢/kWhMarket Wholesales Gained 25,000 GWh (by 2000)Net income lost 1996 $137 million 2000 $527 million 2005 $510 million Total Transition Costs $2.45 billion
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