Household Electricity Demand, Revisited
Recent efforts to restructure electricity markets have renewed interest in assessing how consumers respond to price changes. This paper develops a model for evaluating the effects of alternative tariff designs on electricity use. The model concurrently addresses several interrelated difficulties pos...
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| Veröffentlicht in: | The Review of economic studies 2005-07, Vol.72 (3), p.853-883 |
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| container_end_page | 883 |
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| container_title | The Review of economic studies |
| container_volume | 72 |
| creator | Reiss, Peter C. White, Matthew W. |
| description | Recent efforts to restructure electricity markets have renewed interest in assessing how consumers respond to price changes. This paper develops a model for evaluating the effects of alternative tariff designs on electricity use. The model concurrently addresses several interrelated difficulties posed by nonlinear pricing, heterogeneity in consumer price sensitivity, and consumption aggregation over appliances and time. We estimate the model using extensive data for a representative sample of 1300 California households. The results imply a strikingly skewed distribution of household electricity price elasticities in the population, with a small fraction of households accounting for most aggregate demand response. We then estimate the aggregate and distributional consequences of recent tariff structure changes in California, the consumption effects of which have been the subject of considerable debate. |
| doi_str_mv | 10.1111/0034-6527.00354 |
| format | Article |
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We then estimate the aggregate and distributional consequences of recent tariff structure changes in California, the consumption effects of which have been the subject of considerable debate.</description><subject>Applied economics</subject><subject>Consumer economics</subject><subject>Consumer goods</subject><subject>Consumer prices</subject><subject>Consumption</subject><subject>D12</subject><subject>Economic analysis</subject><subject>Economic models</subject><subject>Electricity</subject><subject>Empirical research</subject><subject>Energy market</subject><subject>Estimation</subject><subject>Household appliances</subject><subject>Household consumption</subject><subject>Households</subject><subject>Housing demand</subject><subject>L94</subject><subject>Power demand</subject><subject>Price elasticity</subject><subject>Pricing</subject><subject>Tariffs</subject><subject>U.S.A</subject><issn>0034-6527</issn><issn>1467-937X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2005</creationdate><recordtype>article</recordtype><recordid>eNo9UMFOAjEQbYwmInr24oGTXlyYbrtt92gARUMiMZoQL01pZ-PiwmK7GPl7i2uYy0zy3puZ9wi5pNCnsQYAjCciS2U_Thk_Ih3KhUxyJufHpHNAT8lZCEsAoErJDrmZ1NuAH3XleuMKbeNLWza73ghXZu1uey_4XYayQXdOTgpTBbz4713ydj9-HU6S6fPD4_BumljOeJNggUgzZuJlmikohBIggQmr0sw5W1Dpcsgp0IVTaJVDYRY2tdYwcGkcWJdct3s3vv7aYmj0qgwWq8qsMX6qmaJcyTyNxEFLtL4OwWOhN75cGb_TFPQ-EL23rPeW9V8gUXHVKpahqf2BziSAkCLCSQuXocGfA2z8pxaSyUxP5u865TP2lM_mesR-AQ1Ualw</recordid><startdate>20050701</startdate><enddate>20050701</enddate><creator>Reiss, Peter C.</creator><creator>White, Matthew W.</creator><general>Wiley-Blackwell</general><general>Review of Economic Studies Ltd</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20050701</creationdate><title>Household Electricity Demand, Revisited</title><author>Reiss, Peter C. ; White, Matthew W.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c434t-efee153a4671580f68607036c825ddcf17d909101bd8ec8de6abc2cca30d2c2c3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2005</creationdate><topic>Applied economics</topic><topic>Consumer economics</topic><topic>Consumer goods</topic><topic>Consumer prices</topic><topic>Consumption</topic><topic>D12</topic><topic>Economic analysis</topic><topic>Economic models</topic><topic>Electricity</topic><topic>Empirical research</topic><topic>Energy market</topic><topic>Estimation</topic><topic>Household appliances</topic><topic>Household consumption</topic><topic>Households</topic><topic>Housing demand</topic><topic>L94</topic><topic>Power demand</topic><topic>Price elasticity</topic><topic>Pricing</topic><topic>Tariffs</topic><topic>U.S.A</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Reiss, Peter C.</creatorcontrib><creatorcontrib>White, Matthew W.</creatorcontrib><collection>Istex</collection><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>The Review of economic studies</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Reiss, Peter C.</au><au>White, Matthew W.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Household Electricity Demand, Revisited</atitle><jtitle>The Review of economic studies</jtitle><addtitle>The Review of Economic Studies</addtitle><date>2005-07-01</date><risdate>2005</risdate><volume>72</volume><issue>3</issue><spage>853</spage><epage>883</epage><pages>853-883</pages><issn>0034-6527</issn><eissn>1467-937X</eissn><abstract>Recent efforts to restructure electricity markets have renewed interest in assessing how consumers respond to price changes. 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| ispartof | The Review of economic studies, 2005-07, Vol.72 (3), p.853-883 |
| issn | 0034-6527 1467-937X |
| language | eng |
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| source | Business Source Complete; JSTOR Archive Collection A-Z Listing; Oxford University Press Journals All Titles (1996-Current) |
| subjects | Applied economics Consumer economics Consumer goods Consumer prices Consumption D12 Economic analysis Economic models Electricity Empirical research Energy market Estimation Household appliances Household consumption Households Housing demand L94 Power demand Price elasticity Pricing Tariffs U.S.A |
| title | Household Electricity Demand, Revisited |
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