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A Note on Measuring Household Welfare Effects of Time-of-Use (TOU) Pricing

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  • Chi-Keung Woo

Abstract

Several recent studies address the issue of household welfare effects caused by the implementation of time-of-use (TOU) pricing of electricity (for example, see Aigner and Lillard, 1982; Aigner and Learner, 1982; Parks, 1983; and Caves et al., 1983). In these studies, the historical average price is used to assess the household welfare change. Implicit in their approach is the assumption that the original electricity rate structure is a flat one. In fact, however, the common rate structure is multitier, frequently an inverted block. While the literature on demand for electricity includes extensive discussions of whether the average price or the marginal price is the correct price signal to a residential customer (e.g., Taylor, 1975; Nordin, 1976; Terza and Welch, 1982; and Billings, 1982), little attention has been given to evaluating welfare change resulting from TOU pricing.

Suggested Citation

  • Chi-Keung Woo, 1984. "A Note on Measuring Household Welfare Effects of Time-of-Use (TOU) Pricing," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3), pages 171-181.
    • Handle: RePEc:aen:journl:1984v05-03-a12
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    Cited by:

    1. Baskette, C. & Horii, B. & Kollman, E. & Price, S., 2006. "Avoided cost estimation and post-reform funding allocation for California's energy efficiency programs," Energy, Elsevier, vol. 31(6), pages 1084-1099.

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    JEL classification:

    • F0 - International Economics - - General

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