Utility CEOs debate the merits of a retail surcharge to fund clean-tech R&D.
place for the first two years and in the long run. The figures were based on the following assumptions: current tariff structures are retained; a long-run price elasticity of demand of between 0.4 and 0.6; changes in electricity costs are passed on to customers; electricity consumption changes as prices change; and a post-wheeling price of electricity of 4¢/kWh.
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