Household Response to Time-Varying Electricity Prices
Journal Article
The diffusion of smart metering technology and intermittent renewable electricity generation capacity makes the deployment of time-varying electricity rates increasingly feasible and important to the functioning of electricity grids. Such rates, which economists advocate to more efficiently match supply and demand, remain rare, though experiments assessing consumer responses are not. This review synthesizes evaluations of these experiments in the context of a theory of consumer inattention and adjustment costs that posits a role for automation technology to boost the short-run price elasticity of demand and affect demand-side reductions that can lower generation costs.
Full Text
Duke Authors
Cited Authors
- Harding, M; Sexton, S
Published Date
- October 5, 2017
Published In
Volume / Issue
- 9 / 1
Start / End Page
- 337 - 359
Published By
Electronic International Standard Serial Number (EISSN)
- 1941-1359
International Standard Serial Number (ISSN)
- 1941-1340
Digital Object Identifier (DOI)
- 10.1146/annurev-resource-100516-053437
Language
- en