Actions for Customer Response to RTP in Competitive Markets [electronic resource] : A Study of Niagara Mohawk's Standard Offer Tariff

Email RIS file
Bookmark
Report an Issue

Customer Response to RTP in Competitive Markets [electronic resource] : A Study of Niagara Mohawk's Standard Offer Tariff

Published
Oak Ridge, Tenn. : Distributed by the Office of Scientific and Technical Information, U.S. Dept. of Energy, 2006.
Additional Creators
United States. Department of Energy. Office of Scientific and Technical Information
Access Online

Availability

I Want It
I Want It

Finding items...

Restrictions on Access
Free-to-read Unrestricted online access
Summary
Utilizing load, price, and survey data for 119 large customers that paid competitively determined hourly electricity prices announced the previous day between 2000 and 2004, this study provides insight into the factors that determine the intensity of price response.Peak and off-peak electricity can be: perfect complements, substitutes, or substitutes where high peak prices cause temporary disconnection from the grid, as for some firms with on-site generation. The average elasticity of substitution is 0.11. Thirty percent of the customers use peak and off-peak electricity in fixed proportions. The 18 percent with elasticities greater than 0.10 provide 75 percent of the aggregate price response. In contrast to Industrial customers, Commercial/Retail and Government/Education customers are more price responsive on hot days and when the ratio of peak to off-peak prices is high. Price responsivenessis not substantially reduced when customers operate near peak usage. Diversity of customer circumstances and price response suggest dynamic pricing is suited for some, but not all customers.
Report Numbers
E 1.99:lbnl--60720
lbnl--60720
Other Subject(s)
Note
Published through SciTech Connect.
06/01/2006.
"lbnl--60720"
": TD5211000"
Energy Journal 28 1 ISSN 0195-6574; ENJODN FT
Cappers, Peter; Goldman, Charles; Hopper, Nicole; Boisvert, Richard N.; Neenan,Bernie.
COLLABORATION - CornellU.
Funding Information
DE-AC02-05CH11231
673116
View MARC record | catkey: 14087969