Consumer responses to time varying prices for electricity

Energy Policy

Volumn 49, Issue , 2012, Pages 552-561

  Thorsnes, Paul ^a   Williams, John ^a   Lawson, Rob ^a  

^a UNIVERSITY OF OTAGO   (New Zealand)

Author keywords

Electricity pricing; Price elasticity; Time of use

Indexed keywords

CONSUMER RESPONSE; ELECTRICITY PRICES; ELECTRICITY PRICING; ELECTRICITY-CONSUMPTION; EXPERIMENTAL EVIDENCE; NEW ZEALAND; PEAK PRICES; PRICE ELASTICITY; RESIDENTIAL ELECTRICITY CONSUMPTION; TIME OF USE; TIME SPENT; TIME VARYING;

ELASTICITY; ELECTRICITY; HEATING;

COSTS;

CONSUMPTION BEHAVIOR; ELECTRICITY SUPPLY; ENERGY MARKET; ENERGY USE; PRICE DYNAMICS; RESIDENTIAL ENERGY;

AUCKLAND; NEW ZEALAND; NORTH ISLAND;

EID: 84865608253     PISSN: 03014215     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.enpol.2012.06.062     Document Type: Article

References (20)

1. Aigner, D., 1985. The Residential Electricity Time-of-Use Pricing Experiments: What Have We Learned? in Social Experimentation, Jerry A. Hausman and David A. Wise, Eds. The University of Chicago Press and National Bureau of Economic Research, 11-54. Retrieved from http://www.nber.org/chapters/c8372.
2. Archibald R.B., Finifter D.H., Moody C.E. Seasonal variation in residential electricity time-of-use pricing experiments: evidence from survey data. Applied Economics 1982, 14(2):167-181.
3. Baladi S.M., Herriges J. Residential response to voluntary time-of-use electricity rates. Resource and Energy Economics 1998, 20(3):225-244.
4. Baltagi B.H. Econometric Analysis of Panel Data 2005, John Wiley & Sons, Chichester. 3rd Ed.
5. Bernstein, M., Griffin, J., 2006. Regional Differences in the Price-Elasticity of Demand for Energy. National Renewable Energy Laboratory. Retrieved from http://www.nrel.gov/docs/fy06osti/39512.pdf.
6. Caves D., Christensen L. Consistency of residential consumer response in time-of-use pricing experiments. Journal of Econometrics 1984, 26(1-2):179-203.
7. Caves D., Heririges J., Kuester K. Load shifting under voluntary residential time-of-use rates. The Energy Journal 1989, 10(4):83-99.
8. Dunlap R.E., Van Liere K.D., Mertig A.G., Jones R.E. Measuring endorsement of the new environmental paradigm: a revised NEP scale. Journal of Social Issues 2000, 456(3). 425-422.
9. EPRI (2008) Price Elasticity of Demand for Electricity: A Primer and Synthesis, Electric Electricity Research Institute, January. Retrieved from http://my.epri.com/portal/server.pt?Abstract_id=000000000001016264.
10. Faruqui A., George S.S. The value of dynamic pricing in mass markets. The Electricity Journal 2002, 15(6):45-55. July.
11. Faruqui A., Hledik R., Tsoukalis J. The power of dynamic pricing. The Electricity Journal 2009, 22(3):42-56. April.
12. Faruqui, A., Sergici, S. 2009b. Hosehold Response to Dynamic Pricing of Electricity-A Survey of Experimental Evidence. The Brattle Group. Retrieved from http://www.science.smith.edu/jcardell/Readings/uGrid/House%20DemandResp%20Experience.pdf.
13. Filippini M. Short- and long-run time-of-use price elasticities in Swiss residential electricity demand. Energy Policy 2011, 39(10):5811-5817.
14. Herter K., McAuliffe P., Rosenfeld A. An exploratory analysis of California residential customer response to critical peak pricing of electricity. Energy 2006, 32(1):25-34.
15. Herter K. Residential implementation of critical-peak pricing of electricity. Energy Policy 2007, 35(4):2121-2130.
16. Lillard L.A., Aigner D.J. Time-of-day electricity consumption response to temperature and the ownership of air conditioning appliances. Journal of Business and Economic Statistics 1984, 2(1):40-53.
17. Matsukawa I. Household response to optional peak-load pricing of electricity. Journal of Regulatory Economics 2001, 20(3):249-261.
18. Merrett F. Reflections on the Hawthorne effect. Educational Psychology 2007, 26(1):143-146.
19. NETL (2009) An Investigation into California's Residential Electricity Consumption, D DOE/NETL, 2009/1371. Downloaded from on 18th September 2011. http://www.netl.doe.gov/energy-analyses/pubs/CA_US_elec_consumption_FINAL_July-29-2009.pdf.
20. Reiss P.C., White M.W. What changes energy consumption? prices and public pressure. The RAND Journal of Economics 2008, 38(3):636-663.