Experiments in seasonal-time-of-day pricing of electricity to residential users
Journal Article
·
· Bell J. Econ. Manage. Sci.; (United States)
A number of experiments designed to test the feasibility of seasonal-time-of-day pricing are currently under way in the United States. This paper addresses some of the problems that these experiments are likely to encounter, and describes a methodology for measuring the welfare benefits and costs from STD pricing. The importance of a well-articulated model of consumer demand as part of the design of an experiment is stressed. It is suggested that, in the southern and southwestern parts of the country, realistic seasonal differentials may exhaust most of the welfare benefits of moving to marginal-cost pricing.
- Research Organization:
- Univ. of Arizona, Tucson
- OSTI ID:
- 7318670
- Journal Information:
- Bell J. Econ. Manage. Sci.; (United States), Journal Name: Bell J. Econ. Manage. Sci.; (United States) Vol. 7:2; ISSN BJEMA
- 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
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
CHARGES
CONSUMPTION RATES
COST BENEFIT ANALYSIS
DECISION MAKING
DEMAND FACTORS
DESIGN
ECONOMIC ELASTICITY
ELECTRIC POWER
ENERGY CONSUMPTION
MATHEMATICAL MODELS
NORTH AMERICA
PEAK-LOAD PRICING
POWER
PUBLIC RELATIONS
RESIDENTIAL SECTOR
SEASONAL VARIATIONS
SOCIAL IMPACT
USA
VARIATIONS
290200 -- Energy Planning & Policy-- Economics & Sociology
296000* -- Energy Planning & Policy-- Electric Power
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION
320101 -- Energy Conservation
Consumption
& Utilization-- Residential Buildings-- (-1987)
CHARGES
CONSUMPTION RATES
COST BENEFIT ANALYSIS
DECISION MAKING
DEMAND FACTORS
DESIGN
ECONOMIC ELASTICITY
ELECTRIC POWER
ENERGY CONSUMPTION
MATHEMATICAL MODELS
NORTH AMERICA
PEAK-LOAD PRICING
POWER
PUBLIC RELATIONS
RESIDENTIAL SECTOR
SEASONAL VARIATIONS
SOCIAL IMPACT
USA
VARIATIONS