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Customer Responsiveness to Real-Time Pricing of Electricity

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  • Jay Zarnikau

Abstract

The success of real-time pricing efforts will depend in large part upon the extent to which electricity consumers are able to alter their consumption patterns in response to the prices quoted by the utility. This article provides some original estimates of hourly price elasticity responses to real-time prices by large industrial energy consumers.

Suggested Citation

  • Jay Zarnikau, 1990. "Customer Responsiveness to Real-Time Pricing of Electricity," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 99-116.
    • Handle: RePEc:aen:journl:1990v11-04-a06
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    References listed on IDEAS

    as
    1. Joseph G. Hirschberg & Dennis J. Aigner, 1983. "An Analysis of Commercial and Industrial Customer Response to Time-of-Use Rates," The Energy Journal, International Association for Energy Economics, vol. 0(Special I).
    2. Berndt, Ernst R & Savin, N Eugene, 1975. "Estimation and Hypothesis Testing in Singular Equation Systems with Autoregressive Disturbances," Econometrica, Econometric Society, vol. 43(5-6), pages 937-957, Sept.-Nov.
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    Cited by:

    1. J. G. Hirschberg, 2000. "Modelling time of day substitution using the second moments of demand," Applied Economics, Taylor & Francis Journals, vol. 32(8), pages 979-986.
    2. 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.

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    JEL classification:

    • F0 - International Economics - - General

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