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Real-time pricing when some consumers resist in saving electricity



Type:   Article
Titre:   Real-time pricing when some consumers resist in saving electricity
Auteur(s):   Salies, Evens (1971-...) - Observatoire français des conjonctures économiques (Auteur)
In:   Energy Policy
Date de publication:   2013
Éditeur:   ROYAUME-UNI  :  Butterworth-Heinemann
Volume:   59
Pages:   843-849  p.
ISSN:   03014215
DOI:   10.1016/j.enpol.2013.04.050
Mots-clés:   [en] Real-time pricing; Energy conservation; Price discrimination
Résumé:   [en] Successful real-time electricity pricing depends firstly upon consumers' willingness to subscribe to such terms and, secondly, on their ability to curb consumption levels. The present paper addresses both issues by considering consumers differentiated by their electricity saving costs, half of whom resist saving electricity. We demonstrate that when consumers are free to adopt real-time prices, producers prefer charging inefficient prices and, in so doing, discriminate against that portion of the consumer population which faces no saving costs. We also find that efficient marginal cost pricing is feasible, but is incompatible with mass adoption of real-time prices.

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