Household Response to Dynamic Pricing of Electricity¶
Faruqui, A., & Sergici, S. (2010). Household Response to Dynamic Pricing of Electricity: A Survey of 15 Experiments. Journal of Regulatory Economics, 193-225.
Cited by¶
2 citations across 2 artifacts.
Each citation links to the sentence it supports in the citing article.
Domain-specific¶
- Demand Shaping
- Supply-chain management — the home practice: shifting realized demand off a constrained SKU toward a feasible substitute via coordinated price, promotion, substitution, and channel levers instead of expediting supply. Revenue management — pricing and steering the constrained fare class, hotel night, or seat: raise the relative price of the scarce class and surface the substitutable one to move marginal buyers toward feasible inventory. Energy operations (demand response) — off-peak rates and grid-stress messaging that flatten the evening peak
Supported in partVerified against the publisher's abstract
“Across the range of experiments studied, time-of-use rates induce a drop in peak demand that ranges between 3 and 6% and critical-peak pricing (CPP) tariffs induce a drop in peak demand that ranges between 13 and 20%.”
- Supply-chain management — the home practice: shifting realized demand off a constrained SKU toward a feasible substitute via coordinated price, promotion, substitution, and channel levers instead of expediting supply. Revenue management — pricing and steering the constrained fare class, hotel night, or seat: raise the relative price of the scarce class and surface the substitutable one to move marginal buyers toward feasible inventory. Energy operations (demand response) — off-peak rates and grid-stress messaging that flatten the evening peak
Mechanisms¶
- Time-of-Use Pricing
- Its strength is that predictability and behavior change reinforce each other: because the schedule is knowable, people automate against it
This sourceFinds that time-of-use prices reduce peak demand and that enabling technologies help households automate their response.
- Its strength is that predictability and behavior change reinforce each other: because the schedule is knowable, people automate against it
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
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