Note on measuring household welfare effects of Time-Of-Use (TOU) pricing
Journal Article
·
· Energy J.; (United States)
Several recent studies address the issue of household welfare effects caused by the implementation of time-of-use (TOU) pricing of electricity. In these studies, the historical average price is used to assess the household welfare change. Most studies on the demand for electricity under TOU pricing assume that a household's preference is separable, so that electricity use in different time periods can be aggregated into a consistent quantity index. Using the separability assumption, this note proposes a measure of welfare change due to a switch from multitier to TOU pricing. It also shows how this measure can be applied with out conducting a TOU experiment. 26 references.
- Research Organization:
- Sacramento Municipal Utility District, CA
- OSTI ID:
- 6771004
- Journal Information:
- Energy J.; (United States), Journal Name: Energy J.; (United States) Vol. 5:3; ISSN ENJOD
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
296000 -- Energy Planning & Policy-- Electric Power
298000 -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320603* -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
COST BENEFIT ANALYSIS
DEMAND
ECONOMIC IMPACT
ELECTRIC POWER
ENERGY DEMAND
HOUSEHOLDS
POWER
PRICES
TIME-OF-USE PRICING
290200 -- Energy Planning & Policy-- Economics & Sociology
296000 -- Energy Planning & Policy-- Electric Power
298000 -- Energy Planning & Policy-- Consumption & Utilization
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320603* -- Energy Conservation
Consumption
& Utilization-- Municipalities & Community Systems-- Public Utilities-- (1980-)
COST BENEFIT ANALYSIS
DEMAND
ECONOMIC IMPACT
ELECTRIC POWER
ENERGY DEMAND
HOUSEHOLDS
POWER
PRICES
TIME-OF-USE PRICING