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February 19, 2008
 Dynamic pricing of electricity is receiving increasing attention in the electric industry because it holds the potential for significantly improving the efficiency of electricity markets in both restructured and nonrestructured states. The recently released report, Quantifying the Benefits of Dynamic Pricing in the Mass Market, by The Brattle Group, reviews various smart metering programs in developing a spreadsheet-based estimate of utility-specific, potential demand response benefits from smart meters, smart thermostats, and dynamic pricing. The report also discusses how more accurate pricing signals can actually lower consumers' bills by eliminating utility hedging premiums, and compares smart metering and dynamic pricing with other demand response alternatives.
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