Do Residential Customers Respond to Hourly Prices? Evidence from a Dynamic Pricing Experiment

By F. Wolak. 2011

236 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Electrical and Electronic Engineering, Marketing

View Paper: https://www.semanticscholar.org/paper/5d98c49706f319725d77367aaf08ac71f9e46193

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Citations in the corpus

Mean–field moral hazard for optimal energy demand response management (2019, background): “Faruqui and Sergici [19] investigate "the evidence from the 15 most recent pilots, experiments and full–scale implementations of dynamic pricing of electricity" (see also the related contributions of Abrahamse, Steg, Vlek and Rothengatter [1], Herter [24], Newsham and Bowker [35], Wolak [42], or Jes”
The Long-Run Dynamics of Electricity Demand: Evidence from Municipal Aggregation (2020, background): “4A growing literature investigates the impact of real-time pricing (e.g., Wolak, 2011; Allcott, 2011; Jessoe and Rapson, 2014).”
Information Strategies and Energy Conservation Behavior: A Meta-analysis of Experimental Studies from 1975-2012 - eScholarship (2013, unknown): “Although much prior research on energy conservation behavior has focused on pecuniary aspects, one limitation of this approach is that financial benefits from saving energy are often quite small (Wolak, 2011).”
Information Strategies and Energy Conservation Behavior: A Meta-Analysis of Experimental Studies from 1975 to 2012 (2013, unknown): “…small samples (e.g., Gronhoj and Thogersen, 2011; Ueno et al., 2006), short time periods (e.g. Petersen et al. (2007)), and low level of granularity (i.e. providing overall electricity usage without appliance level information, see for example Alcott, 2011; Becker et al., 2010; Wolak, 2011).”
Do Consumers Respond to Marginal or Average Price? Evidence from Nonlinear Electricity Pricing (2014, unknown): “Similarly, Wolak (2011) and Jessoe and Rapson (2012) find that information provision significantly changes the price elasticity in residential electricity demand.”
Challenges for wholesale electricity markets with intermittent renewable generation at scale: the US experience (2019, background): “…that the bulk of the evidence drawn from variable pricing experiments, including critical peak pricing and other variations on the real time pricing theme, supports the view that consumers are responsive to price variations (Alcott, 2011; Wolak, 2011, 2018b; Faruqui, 2016; Anderson et al., 2017).”