Residential Response to Voluntary Time-Of-Use Electricity Rates
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. The study's design allows us to examine both the participation decision and the customer's load pattern changes once the TOU rate structure was in effect. Substitution elasticities between on-peak and off-peak electricity usage are estimated and compared to those obtained in earlier mandatory programs, indicating whether program volunteers are more responsive to TOU pricing than the typical household. Attitudinal questionnaires allow us to examine the role of usage perceptions in program participation.
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|Date of creation:||01 Jan 1998|
|Date of revision:|
|Publication status:||Published in Resource and Energy Economics 1998, vol. 20 no. 3, pp. 225-244|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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- Herriges, Joseph A. & Caves, Douglas W. & Kuester, K. A., 1989.
"Load Shifting Under Voluntary Residential Time-Of-Use Rates,"
Staff General Research Papers Archive
10791, Iowa State University, Department of Economics.
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- Aigner, Dennis J. & Leamer, Edward E., 1984. "Estimation of time-of-use pricing response in the absence of experimental data : An application of the methodology of data transferability," Journal of Econometrics, Elsevier, vol. 26(1-2), pages 205-227.
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