Hinchberger, Andrew J.
[Verfasser:in];
Jacobsen, Mark R.
[Verfasser:in];
Knittel, Christopher R.
[Verfasser:in];
Sallee, James M.
[Verfasser:in];
van Benthem, Arthur A.
[Verfasser:in]
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Medientyp:
E-Book;
Bericht
Titel:
The Efficiency of Dynamic Electricity Prices
Beteiligte:
Hinchberger, Andrew J.
[Verfasser:in];
Jacobsen, Mark R.
[Verfasser:in];
Knittel, Christopher R.
[Verfasser:in];
Sallee, James M.
[Verfasser:in];
van Benthem, Arthur A.
[Verfasser:in]
Anmerkungen:
Diese Datenquelle enthält auch Bestandsnachweise, die nicht zu einem Volltext führen.
Beschreibung:
The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price effects, we estimate efficiency gains from time-varying price schedules that better align price with cost. We have three main results. First, time-of-use rates and critical-peak pricing, the two most common time-varying rate plans, each correct about 10% of mispricing. Second, complex rate structures based on historical prices often backfire. Third, real-time pricing with price ceilings can capture most potential efficiency gains.