The intention is to shift consumption away from high demand periods through
a price signal mechanism telling customers that they can save money by using electricity during off - peak hours.
Not exact matches
High
prices are often a
signaling mechanism to tell the market that your product is worth more than a competitor's, and trying to compete with bigger companies by cutting
prices is often a mistake, as it undercuts your profitability while still failing to match the bigger brands» economies of scale.
There is an urgent need to scale up financial flows, particularly financial support to developing countries; to create positive incentives for actions; to finance the incremental costs of cleaner and low - carbon technologies; to make more efficient use of funds directed toward climate change; to realize the full potential of appropriate market
mechanisms that can provide
pricing signals and economic incentives to the private sector; to promote public sector investment; to create enabling environments that promote private investment that is commercially viable; to develop innovative approaches; and to lower costs by creating appropriate incentives for and reducing and eliminating obstacles to technology transfer relevant to both mitigation and adaptation.
Equally important, the group urges that government catalyze the development of energy alternatives by sending «a strong market
signal» through such
mechanisms as mandates on utilities to produce more renewable energy or «a
price or a cap» on carbon emissions1.
The other strength of the
price mechanism is that it allows market participants to respond to
price signals in the most efficient way, rather than relying on governments and regulators to choose the outcomes.
We must continue to improve our scientific understanding, particularly of the impacts of climate change; we must implement policies such as raising the market
price of carbon to provide incentives to households to alter their consumption so that they will have a low - carbon diet; we must also raise carbon
prices to send a
signal to firms like ExxonMobil that their future lies in research, development, and production of low - carbon fuels; and we must devise
mechanisms so that countries will join in a global effort rather than one limited to northwest Europe.
A «polluter pays» tax (the costs of which should, via normal market
mechanisms, tend to be distributed among the benificiaries of the polluting activity, including internationally, other things being equal) doesn't just provide revenue to deal with damages (or avoid them) but also produces a
price signal which reshapes behaviors (once decided, even before going into effect) in suppliers, consumers, and investors — the supply and demand curves shift making alternatives more abundant, etc..
Price is the most efficient
signaling mechanism we know of to keep supply and demand near the point of equilibrium and the most useful means of quickly and objectively assessing «worth.»
That is what the shifting volumes and the
price mechanism in the Bitcoin market are
signaling.