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Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill. Ongoing developments in the power system increase efficiency gains that can be made from exposing consumers to widely varying wholesale spot prices. Pure spot pricing is not...
Persistent link: https://www.econbiz.de/10013435122
-hour rises as a household consumes more electricity per month. More recently, in California, opponents of a proposal to lower …
Persistent link: https://www.econbiz.de/10014468223
household electricity demand that addresses these difficulties. We estimate the model using data for a representative sample of … consumers respond to price changes. Several interrelated problems complicate demand analyses of these markets, including … California households, and summarize how electricity demand elasticities vary in that state. We then use the model to analyze the …
Persistent link: https://www.econbiz.de/10012470028
the widespread use of increasing-block pricing (IBP), under which the marginal price to the household increases as its … has adopted some of the most steeply increasing-block tariffs in electric utility history. Combining household … approach to studying (or controlling for) income distribution effects by using median household income within a census block …
Persistent link: https://www.econbiz.de/10012462829
moral suasion and dynamic pricing that stimulate energy conservation during peak demand hours. Using household …
Persistent link: https://www.econbiz.de/10012457756
This study examines a field experiment in Texas that includes pricing and informational interventions to encourage energy conservation during summer peak load days when the social cost of generation is the highest. We estimate that our critical peak pricing intervention reduces electricity...
Persistent link: https://www.econbiz.de/10012479529
This paper argues that the market rules governing the operation of the England and Wales electricity market in combination with the structure of this market presents the two major generators National Power and PowerGen with opportunities to earn revenues substantially in excess of their costs of...
Persistent link: https://www.econbiz.de/10012470476
account of changes in natural gas prices, electricity demand, and imports of electricity from other states during this time …
Persistent link: https://www.econbiz.de/10012470569
Economic theory suggests that demand is more elastic in the long run relative to the short run, but evidence on the … empirical relevance of this phenomenon is scarce. We study the dynamics of residential electricity demand by exploiting price …
Persistent link: https://www.econbiz.de/10012455198
Consumption is the largest component of GDP. Since the 1950s, the life cycle and the permanent income models have constituted the main analytical tools to the study of consumption behavior, both at the micro and at the aggregate levels. Since the late 1970s the literature has focused on versions...
Persistent link: https://www.econbiz.de/10012472339