Q1. Consider two recently published electricity tariff plans from two different countries. Write a review on each tariff plan highlighting the important concepts/features. Make sure your answer does not exceed 5 A4 pages. Include all relevant tables and explanations as needed to support your answer. (Consider - CEB, Sri Lanka)
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Many public utilities sell their products on multi-part tariffs. The consumer must pay a connection charge for the right to consume (say) electricity, irrespective of the amount consumed. The price paid for the first n units will exceed the price paid for any units consumed in excess of n. Draw the feasible set for the consumer, with electricity on one axis and a consumption good on the other. Distinguish between the average and marginal prices of electricity and investigate the effects of changes in the connection charge and the price of electricity.
Supreeta N.
Crystal W.
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