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Response of industrial customers to hourly pricing in Ontario’s deregulated electricity market

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  • Wai Choi
  • Anindya Sen

  • Adam White

Abstract

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Suggested Citation

  • Wai Choi & Anindya Sen & Adam White, 2011. "Response of industrial customers to hourly pricing in Ontario’s deregulated electricity market," Journal of Regulatory Economics, Springer, vol. 40(3), pages 303-323, December.
    • Handle: RePEc:kap:regeco:v:40:y:2011:i:3:p:303-323
    DOI: 10.1007/s11149-011-9169-9
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    References listed on IDEAS

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    1. Joseph A Herriges, 1993. "The Response of Industrial Customers to Electric Rates Based upon Dynamic Marginal Costs," The Review of Economics and Statistics, MIT Press, vol. 75(3), pages 446-454, August.
    2. Anindya Sen & Peter G.C. Townley, 2010. "Estimating the Impacts of Outlet Rationalization on Retail Prices, Industry Concentration, and Sales: Empirical Evidence from Canadian Gasoline Markets," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 19(3), pages 605-633, September.
    3. Caves, Douglas W. & Christensen, Laurits R. & Herriges, Joseph A., 1984. "Consistency of residential customer response in time-of-use electricity pricing experiments," Journal of Econometrics, Elsevier, vol. 26(1-2), pages 179-203.
    4. repec:aen:journl:2005v26-01-a06 is not listed on IDEAS
    5. Robert H. Patrick & Frank A. Wolak, 2001. "Estimating the Customer-Level Demand for Electricity Under Real-Time Market Prices," NBER Working Papers 8213, National Bureau of Economic Research, Inc.
    6. repec:aen:journl:2007v28-01-a03 is not listed on IDEAS
    7. Mountain, Dean C & Lawson, Evelyn L, 1992. "A Disaggregated Nonhomothetic Modeling of Responsiveness to Residential Time-of-Use Electricity Rates," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 33(1), pages 181-207, February.
    8. Faruqui, Ahmad & Hledik, Ryan & Newell, Sam & Pfeifenberger, Hannes, 2007. "The Power of 5 Percent," The Electricity Journal, Elsevier, vol. 20(8), pages 68-77, October.
    9. Severin Borenstein & Stephen Holland, 2005. "On the Efficiency of Competitive Electricity Markets with Time-Invariant Retail Prices," RAND Journal of Economics, The RAND Corporation, vol. 36(3), pages 469-493, Autumn.
    10. Peter M. Schwarz & Thomas N. Taylor & Matthew Birmingham & Shana L. Dardan, 2002. "Industrial Response to Electricity Real-Time Prices: Short Run and Long Run," Economic Inquiry, Western Economic Association International, vol. 40(4), pages 597-610, October.
    11. repec:aen:journl:2005v26-03-a05 is not listed on IDEAS
    12. Neenan, Bernie & Boisvert, Richard N. & Cappers, Peter A., 2002. "What Makes a Customer Price Responsive?," The Electricity Journal, Elsevier, vol. 15(3), pages 52-59, April.
    13. Caves, Douglas W. & Christensen, Laurits R., 1980. "Econometric analysis of residential time-of-use electricity pricing experiments," Journal of Econometrics, Elsevier, vol. 14(3), pages 287-306, December.
    14. Mountain, Dean C. & Lawson, Evelyn L., 1995. "Some initial evidence of Canadian responsiveness to time-of-use electricity rates: Detailed daily and monthly analysis," Resource and Energy Economics, Elsevier, vol. 17(2), pages 189-212, August.
    15. repec:aen:journl:2008v29-04-a02 is not listed on IDEAS
    16. Gallant, A. Ronald, 1975. "Seemingly unrelated nonlinear regressions," Journal of Econometrics, Elsevier, vol. 3(1), pages 35-50, February.
    17. Cappers, Peter & Goldman, Charles & Kathan, David, 2010. "Demand response in U.S. electricity markets: Empirical evidence," Energy, Elsevier, vol. 35(4), pages 1526-1535.
    18. A. Yatchew, 2000. "Scale economies in electricity distribution: a semiparametric analysis," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(2), pages 187-210.
    19. Goncalves, Silvia & Kilian, Lutz, 2004. "Bootstrapping autoregressions with conditional heteroskedasticity of unknown form," Journal of Econometrics, Elsevier, vol. 123(1), pages 89-120, November.
    20. repec:aen:journl:2006v27-04-a06 is not listed on IDEAS
    21. Sen, Anindya, 2003. "Higher prices at Canadian gas pumps: international crude oil prices or local market concentration? An empirical investigation," Energy Economics, Elsevier, vol. 25(3), pages 269-288, May.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Abdulaal, Ahmed & Moghaddass, Ramin & Asfour, Shihab, 2017. "Two-stage discrete-continuous multi-objective load optimization: An industrial consumer utility approach to demand response," Applied Energy, Elsevier, vol. 206(C), pages 206-221.
    2. Zhou, Yang & Ma, Rong & Su, Yun & Wu, Libo, 2019. "Too big to change: How heterogeneous firms respond to time-of-use electricity price," China Economic Review, Elsevier, vol. 58(C).
    3. Zarnikau, Jay & Thal, Dan, 2013. "The response of large industrial energy consumers to four coincident peak (4CP) transmission charges in the Texas (ERCOT) market," Utilities Policy, Elsevier, vol. 26(C), pages 1-6.
    4. Jang, Dongsik & Eom, Jiyong & Jae Park, Min & Jeung Rho, Jae, 2016. "Variability of electricity load patterns and its effect on demand response: A critical peak pricing experiment on Korean commercial and industrial customers," Energy Policy, Elsevier, vol. 88(C), pages 11-26.
    5. Mordue, Greig, 2017. "Electricity prices and industrial competitiveness: A case study of final assembly automobile manufacturing in the United States and Canada," Energy Policy, Elsevier, vol. 111(C), pages 32-40.
    6. Hirth, Lion & Khanna, Tarun M. & Ruhnau, Oliver, 2024. "How aggregate electricity demand responds to hourly wholesale price fluctuations," Energy Economics, Elsevier, vol. 135(C).
    7. Daiya ISOGAWA & Hiroshi OHASHI & Tokunari ANAI, 2022. "Role of Advance Notice on High-priced Hours: Critical peak pricing on industrial demand," Discussion papers 22068, Research Institute of Economy, Trade and Industry (RIETI).
    8. Damien, Paul & Fuentes-García, Ruth & Mena, Ramsés H. & Zarnikau, Jay, 2019. "Impacts of day-ahead versus real-time market prices on wholesale electricity demand in Texas," Energy Economics, Elsevier, vol. 81(C), pages 259-272.

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    Keywords

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    JEL classification:

    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices
    • Q48 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Government Policy

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