DEMAND-SIDE MANAGEMENT INVESTMENT AND ELECTRIC-POWER EXCHANGE

The conditions under which one electric utility may benefit from an in vestment in DSM programs in another utility in exchange for power from the latter utility is discussed and illustrated using 1991 cost data collected for two utilities in the western U.S. It is shown that it is possible for these two U.S. utilities to find a mutually beneficial t rade given their existing DSM costs and generation costs.