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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w25615 |
来源ID | Working Paper 25615 |
Can Incentives to Increase Electricity Use Reduce the Cost of Integrating Renewable Resources | |
Laura Mørch Andersen; Lars Gårn Hansen; Carsten Lynge Jensen; Frank A. Wolak | |
发表日期 | 2019-03-04 |
出版年 | 2019 |
语种 | 英语 |
摘要 | We report results from a large field experiment that with a few hours prior notice provided Danish residential consumers with dynamic price and environmental signals aimed at causing them to shift their consumption either into or away from certain hours of the day. The same marginal price signal is found to cause substantially larger consumption shifts into target hours compared to consumption shifts away from target hours. Consumption is also reduced in the hours of the day before and after these into target hours and there is weaker evidence of increased consumption in the hours surrounding away target hours. The same into versus away results hold for the environmental signals, although the absolute size of the eects are smaller. Using detailed household-level demographic information for all customers invited to participate in the experiment, both models are re-estimated accounting for this decision. For both the price and environmental treatments, the same qualitative results are obtained, but with uniformly smaller quantitative magnitudes. These selection-corrected estimates are used to perform a counterfactual experiment where all of the retailer’s residential customers are assumed to face these dynamic price signals. We find substantial wholesale energy cost savings for the retailer from declaring into events designed to shift consumption from high demand periods to low demand perio ds within the day, which suggests that such a pricing strategy could significantly reduce the cost of increasing the share of greenhouse gas free wind and solar electricity production in an electricity supply industry. |
主题 | Econometrics ; Experimental Design ; Industrial Organization ; Regulatory Economics ; Industry Studies ; Environmental and Resource Economics ; Energy |
URL | https://www.nber.org/papers/w25615 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/583289 |
推荐引用方式 GB/T 7714 | Laura Mørch Andersen,Lars Gårn Hansen,Carsten Lynge Jensen,et al. Can Incentives to Increase Electricity Use Reduce the Cost of Integrating Renewable Resources. 2019. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w25615.pdf(1984KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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