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Residential Substitution of Off-peak for Peak Electricity Usage under Time-of-Use Pricing

Abstract:
This article reports on the methodology, procedures, and conclusions from the first phase of our econometric analysis of the Wisconsin Time-of-Use (TOU) Electricity Pricing Experiment.' Dur-ing Phase I, which took place during the summers of 1976 and 1977, we confined our attention to assessing consumer ability and/or willingness to shift electricity usage from peak to off-peak (P/OP)

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Energy Specializations: Energy Modeling – Energy Data, Modeling, and Policy Analysis; Electricity – Markets and Prices

JEL Codes: D12: Consumer Economics: Empirical Analysis, Q42: Alternative Energy Sources, Q41: Energy: Demand and Supply; Prices, D24: Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity, C53: Forecasting Models; Simulation Methods, C58: Financial Econometrics, D11: Consumer Economics: Theory, L11: Production, Pricing, and Market Structure; Size Distribution of Firms

Keywords: Residential electricity use, Substitution of Off-peak for Peak Electricity, Time-of-Use Pricing (TOU)

DOI: 10.5547/ISSN0195-6574-EJ-Vol1-No2-4


Published in Volume 1, Number 2 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.