The Value of Dynamic Pricing in Mass Markets

By A. Faruqui, Stephen S. George. 2002

138 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/145e18d43bec5548b0733a2d307fd4dbee4bb74e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

A Model for Efficient Consumer Pricing Schemes in Electricity Markets (2007, background): “this has failed to attract many customers [19].”
Demand-side view of electricity markets (2003, background): “But what happens when the price of electrical energy fluctuates more rapidly? Empirical evidence suggests that demand does decrease in response to a short-term price increase, but that this effect is relatively small [2], [3].”
The U.S. Electricity Industry After 20 Years of Restructuring (2015, background): “9Through a combination of real scarcity and generator market power (caused in part by high local natural gas prices that followed a pipeline explosion), California wholesale electricity prices skyrocketed in summer 2000 and remained extremely high into May of 2001. Under the competition transition p”
Optimal Generation Mix With Short-Term Demand Response and Wind Penetration (2012, background): “Data about cross-price elasticities over time periods longer than 4 h are given in [32], whereas demand elasticities within and between morning, mid-day, evening, and economy periods are discussed in [33].”
Short- and long-run time-of-use price elasticities in Swiss residential electricity demand (2011, background): “One of the most recent experiments has been organized in 2001 in the US by Puget Sound Energy with about 240000 customers (see Faruqui and George 2002).”
A Survey on Demand Response Programs in Smart Grids: Pricing Methods and Optimization Algorithms (2015, background): “Finally, Extreme Day CPP is another CPP variant, in which a critical peak price is applied to critical peak hours, but there is no variable tariff on other days [110].”
Dynamic electricity pricing - Which programs do consumers prefer? (2013, unknown): “Second, prices also have an informative function: They are a way of communicating with the consumer, e.g. indicating that demand threatens to override supply in a high-price period, i.e. a shortage in the resources for generating electricity (cf. Stadler et al. 2004; Faruqui & George 2002).”
Smart Meter Devices and The Effect of Feedback on Residential Electricity Consumption: Evidence from a Natural Experiment in Northern Ireland (2013, unknown): “Faruqui et al. (2010) report that worldwide over 5 million customers use power on a pre-payment basis, with the bulk of pre-payment users in the UK, New Zealand and South Africa.”