Open AccessPosted Content
Load Shifting Under Voluntary Residential Time-Of-Use Rates
Reads0
Chats0
TLDR
In this paper, evidence is provided on customer response in Pacific Gas and Electric's voluntary time-of-use (TOU) rate experiment, and volunteers have a greater ability to shift usage in response to TOU rates than comparable customers on mandatory rates.Abstract:
Time-of-use (TOU) pricing has emerged in recent years as a popular rate program, offering utilities both a more efficient pricing mechanism and a tool for load management. Initial experiments with TOU pricing were generally designed to provide evidence on customer response to mandatory TOU rates, while residential TOU rates are currently being applied on a voluntary basis. In this paper evidence is provided on customer response in Pacific Gas and Electric's voluntary TOU rate experiment. Comparing the results to those obtained in earlier mandatory experiments, volunteers are found to have a greater ability to shift usage in response to TOU rates than comparable customers on mandatory rates.read more
Citations
More filters
Journal ArticleDOI
Agent-based model for electricity consumption and storage to evaluate economic viability of tariff arbitrage for residential sector demand response
TL;DR: In this paper, an agent-based appliance-level stochastic model is used to simulate the electricity demand of an average U.S. household and determine the economic viability for a range of traditional and advanced storage technologies as well as their optimum storage capacities.
Journal ArticleDOI
Uptake and usage of cost-reflective electricity pricing: Insights from psychology and behavioural economics
TL;DR: In this article, the authors apply insights from psychology and behavioural economics to identify how cost-reflective pricing can be designed, depicted and delivered to enhance customer uptake and optimal usage, thereby facilitating an appropriate demand response for a larger cross-section of the population.
Journal ArticleDOI
Consumer responses to time varying prices for electricity
TL;DR: In this paper, the authors report new experimental evidence of the household response to weekday differentials in peak and off-peak electricity prices in Auckland, New Zealand, where peak residential electricity consumption occurs in winter for heating.
Journal ArticleDOI
Households' self-selection of a dynamic electricity tariff
TL;DR: In this article, the authors use a discrete choice model on data from a residential dynamic pricing experiment to understand on which basis consumers choose between tariffs, and find that higher demand flexibility will tend to increase the propensity to select dynamic tariffs, while consumption patterns do not influence tariff choice significantly.
Journal ArticleDOI
Residential response to voluntary time-of-use electricity rates
TL;DR: In this paper, the response of residential households to voluntary time-of-use (TOU) electricity rates is estimated using data from a recent experiment at Midwest Power Systems of Iowa.
References
More filters
Journal ArticleDOI
Capital-labor substitution and economic efficiency
TL;DR: In this article, the authors proposed a method to improve the quality of the service provided by the service provider by using the information of the user's interaction with the provider and the provider.
Journal ArticleDOI
Econometric analysis of residential time-of-use electricity pricing experiments
TL;DR: In this paper, the authors adapted the two-stage neo-classical model of consumer behavior to the analysis of time-of-use pricing of electricity, with emphasis placed upon the relationship between partial elasticities, which can be accurately estimated from the first stage, and total elasticities that can be estimated only by using less reliable information to estimate the second stage.
Journal ArticleDOI
Consistency of residential customer response in time-of-use electricity pricing experiments
TL;DR: In this paper, a consumer demand model for each experiment, and test the hypothesis that the elasticities of substitution are identical across experiments, is derived from an indirect utility function that permits the modelling to be separated into three stages.
Journal ArticleDOI
Agent-based model for electricity consumption and storage to evaluate economic viability of tariff arbitrage for residential sector demand response
TL;DR: In this paper, an agent-based appliance-level stochastic model is used to simulate the electricity demand of an average U.S. household and determine the economic viability for a range of traditional and advanced storage technologies as well as their optimum storage capacities.