Le Tarif Vert Retrouvé: The Marginal Cost Concept and the Pricing of Electricity in Britain and France, 1945-1970

Chick, Martin

doi:10.5547/issn0195-6574-ej-vol23-no1-5

Cited by 59 publications

(3 citation statements)

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“…France as far back as 1956 [12]. With recent advances, such as demand-side smart-metering for residential customers, TOU pricing schemes have been considered for residential use.…”

Section: Time-of-use Tariffs and Demand-side Managementmentioning

confidence: 99%

Autonomous trading in modern electricity markets

Urieli

2016

AI Matters

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The smart grid is envisioned to be a main enabler of sustainable, clean, efficient, reliable, and secure energy supply (U.S. Department of Energy, 2003). One of the milestones in the smart grid vision will be programs for customer participation in electricity markets through demand-side management and distributed generation; electricity markets will incentivize customers to adapt their demand to supply conditions, which will help to utilize intermittent energy resources such as from solar and wind, and to reduce peak-demand.

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“…France as far back as 1956 [12]. With recent advances, such as demand-side smart-metering for residential customers, TOU pricing schemes have been considered for residential use.…”

Section: Time-of-use Tariffs and Demand-side Managementmentioning

confidence: 99%

Autonomous trading in modern electricity markets

Urieli

2016

AI Matters

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“…67 67 Blaug, Economic theory , p. 577; Chick, ‘ Tarif vert retrouvé’, p. 100; Chick, Industrial policy , p. 109; Lerner, Economics of control ; Meade, ‘Mr. Lerner on the economics of control’; Meade and Fleming, ‘Price and output policy’; Middleton, Charlatans , p. 92; Wilson, ‘Price and outlay policy’. …”

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confidence: 99%

“…71 71 Chick, ‘ Tarif vert retrouvé’; Chick, Industrial policy , ch. 5; Malégarie, L’Électricitéà Paris . …”

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The marginalist approach and the making of fuel policy in France and Britain, 1945–72¹

Chick

2005

The Economic History Review

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Focusing on the shift from coal to oil in the French and British economies between 1945 and 1972, this article analyses the influence of economists and economic concepts on fuel-policy making in each economy. The framing of French fuel policy around marginalist principles from 1958 is examined, and the unusually direct influence of economists on policy making is ascribed to a mix of national security, industrial modernization, and political considerations.he emergence of coal surpluses in most western European economies by 1958 signalled both an end to the post-Second World War coal shortages and confronted national governments with the major issue of deciding the future bases of national fuel policy. In Britain and France, discussion of the particular issue of the balance to be struck between oil imports and domestically produced coal was conducted using contrasting political and economic conceptual approaches and vocabulary. In Britain the dominant expression of concern to minimize the unemployment arising from the managed contraction of the coal-mining industry contrasted with the explicitly marginalist economic approach to the issue adopted in France. In both countries, leading economists were to argue for a marginalist approach towards the making of national fuel policy. James Meade and Ian Little were perhaps the best-known examples in Britain, with Maurice Allais and Marcel Boiteux as their proximate counterparts. 2 Yet where Meade and Little were forced into the wings of government fuel-policy making, from 1958 Allais and Boiteux were invited centre stage. Analysing the extent and causes of this apparent difference in the use of the marginalist concept in each country is the central concern of this article, a close study of fuelpolicy making being used as the basis both for examining the process whereby economic concepts are translated into policy and outcomes, and 1 I would like to thank three anonymous referees and J. P. Bonaïti for their comments on an earlier version of this article. Any errors of fact and judgement remain my responsibility.2 Allais, Aspects essentiels; Allais, Gestion des houillères ; Boiteux, 'Tarification des demandes en pointe'; Little, Price of fuel; Meade and Fleming, 'Price and output policy'. T

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Marginal Cost Pricing

Madureira¹

2014

Key Concepts in Energy

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Le Tarif Vert Retrouvé: The Marginal Cost Concept and the Pricing of Electricity in Britain and France, 1945-1970

Cited by 59 publications

References 12 publications

Autonomous trading in modern electricity markets

Autonomous trading in modern electricity markets

The marginalist approach and the making of fuel policy in France and Britain, 1945–72¹

Marginal Cost Pricing

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Le Tarif Vert Retrouvé: The Marginal Cost Concept and the Pricing of Electricity in Britain and France, 1945-1970

Cited by 59 publications

References 12 publications

Autonomous trading in modern electricity markets

Autonomous trading in modern electricity markets

The marginalist approach and the making of fuel policy in France and Britain, 1945–721

Marginal Cost Pricing

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The marginalist approach and the making of fuel policy in France and Britain, 1945–72¹