Facebook LinkedIn Twitter
Shop

IAEE Members and subscribers to The Energy Journal: Please log in to access the full text article or receive discounted pricing for this article.

Winter Residential Optional Dynamic Pricing: British Columbia, Canada

Abstract:
This paper estimates the daily kWh responses on a working weekday of 1326 single-family-home residents who voluntarily participated in a residential optional dynamic pricing (RODP) pilot in the winter-peaking coastal province of British Columbia (BC) in western Canada. Based on the pilot's operation in November 2007-February 2008, we estimate that the kWh reduction in the peak period of 4-9 pm on a working weekday sans an in-home display (IHD) is: (a) 2.2% to 4.4% at time-of-use tariffs with peak-to-off-peak price ratios of 2.0 to 6.0; and (b) 4.8 to 5.3% at critical peak pricing tariffs with peak-to-off-peak price ratios of 8.0 to 12.0. The IHD approximately doubles these estimated peak kWh reductions. As BC residents already have smart meters with an IHD function, these findings recommend exploring the use of a system-wide RODP program to improve the BC grid's system efficiency.

Download Executive Summary Purchase ( $25 )

Download Appendix 

Energy Specializations: Electricity – Markets and Prices ; Energy and the Economy –Economic Growth and Energy Demand

JEL Codes:
D42 - Market Structure, Pricing, and Design: Monopoly
O13 - Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products

Keywords: Residential optional dynamic pricing, Electricity demand by time-of-use, In-home display, British Columbia

DOI: https://doi.org/10.5547/01956574.38.5.cwoo

References: Reference information is available for this article. Join IAEE, log in, or purchase the article to view reference data.


Published in Volume 38, Number 5 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.