scholarly journals Demand Price Elasticity of Residential Electricity Consumers with Zonal Tariff Settlement Based on Their Load Profiles

Energies ◽  
2019 ◽  
Vol 12 (22) ◽  
pp. 4317 ◽  
Author(s):  
Jerzy Andruszkiewicz ◽  
Józef Lorenc ◽  
Agnieszka Weychan
Keyword(s):  
Price Elasticity ◽  
Electricity Market ◽  
Distribution System ◽  
Peak Load ◽  
Real Life ◽  
Total Load ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Residential Electricity ◽  
Residential Consumers

The concept of price elasticity of demand has been widely used for the assessment of the consumers’ behavior in the electricity market. As the residential consumers represent a significant percentage of the total load, price elasticity of their demand may be used to design desirable demand side response programs in order to manage peak load in a power system. The method presented in this study proposes an alternative approach towards price elasticity determination for zonal tariff users, based on comparisons of load profiles of consumers settled according to flat and time-of-use electricity tariffs. A detailed explanation of the proposed method is presented, followed by a case-study of price elasticity determination for residential electricity consumers in Poland. The forecasted values of price elasticity of demand for the Polish households using time-of-use (TOU) tariff vary between −1.7 and −2.3, depending on the consumers’ annual electricity consumption. Moreover, an efficiency study of residential zonal tariff is performed to assess the operation of currently applicable electricity tariffs. Presented analysis is based on load profiles published by Distribution System Operators and statistical data, but the method can be applied to the real-life measurements from the smart metering systems as well when such systems are accessible for residential consumers.

scholarly journals Price-Based Demand Side Response Programs and Their Effectiveness on the Example of TOU Electricity Tariff for Residential Consumers

Energies ◽  
2021 ◽  
Vol 14 (2) ◽  
pp. 287
Author(s):  
Jerzy Andruszkiewicz ◽  
Józef Lorenc ◽  
Agnieszka Weychan
Keyword(s):  
Power Systems ◽  
Distribution System ◽  
Peak Load ◽  
Demand Side ◽  
Case Study Analysis ◽  
Efficiency Assessment ◽  
Electricity Use ◽  
Residential Electricity ◽  
Demand Side Response ◽  
Residential Consumers

Demand side response is becoming an increasingly significant issue for reliable power systems’ operation. Therefore, it is desirable to ensure high effectiveness of such programs, including electricity tariffs. The purpose of the study is developing a method for analysing electricity tariff’s effectiveness in terms of demand side response purposes based on statistical data concerning tariffs’ use by the consumers and price elasticity of their electricity demand. A case-study analysis is presented for residential electricity consumers, shifting the settlement and consequently the profile of electricity use from a flat to a time-of-use tariff, based on the comparison of the considered tariff groups. Additionally, a correlation analysis is suggested to verify tariffs’ influence of the power system’s peak load based on residential electricity tariffs in Poland. The presented analysis proves that large residential consumers aggregated by tariff incentives may have a significant impact on the power system’s load and this impact changes substantially for particular hours of a day or season. Such efficiency assessment may be used by both energy suppliers to optimize their market purchases and by distribution system operators in order to ensure adequate generation during peak load periods.

scholarly journals The Long-Run Dynamics of Electricity Demand: Evidence from Municipal Aggregation

2020 ◽  
Vol 12 (1) ◽  
pp. 86-114 ◽  
Author(s):  
Tatyana Deryugina ◽  
Alexander MacKay ◽  
Julian Reif
Keyword(s):  
Dynamic Model ◽  
Energy Policy ◽  
Price Elasticity ◽  
Natural Experiment ◽  
Electricity Demand ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Long Run ◽  
Residential Electricity ◽  
Consumption Dynamics

We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-difference matching approach, we estimate that the price elasticity of demand grows from − 0.09 in the first six months to − 0.27 two years later. We find similar results with a dynamic model in which usage is a function of past and future prices. Our findings highlight the importance of accounting for consumption dynamics when evaluating energy policy. (JEL L94, L98, Q41, Q48)

scholarly journals The Price Elasticity of Demand of Australian Urban Residential Consumers and Water Restrictions

2020 ◽  
Vol 13 (3) ◽  
pp. 153
Author(s):  
Malcolm Abbott ◽  
My Tran
Keyword(s):  
Market Power ◽  
Price Elasticity ◽  
Large Change ◽  
Urban Centers ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand ◽  
Water Restrictions ◽  
The Relationship ◽  
Residential Consumers

The aim of this article is to provide derived estimates of the price elasticity of demand for water for residential urban consumers in Australia over the years 2005/06 to 2016/17. The results of the study indicate that higher water and sewerage prices, bundled together, are associated with lower demand for water. The relationship, therefore, between the prices of water and sewerage and demand for water is a negative one.  This relationship, however, is a relatively inelastic one, that is a large change in price is required before there is much of a change in demand for water.  With the supply of water in most Australian urban centers are controlled by monopoly suppliers this means that there is some scope for water restrictions to negate this market power.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

On the Price Elasticity of Demand for Patents

2010 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Bruno van Pottelsberghe de la Potterie
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals Estimating the price elasticity of demand for JUUL E-cigarettes among teens

2021 ◽  
Vol 218 ◽  
pp. 108406
Author(s):  
Jay R. Corrigan ◽  
Bailey N. Hackenberry ◽  
Victoria C. Lambert ◽  
Matthew C. Rousu ◽  
James F. Thrasher ◽  
...  
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals MACROECONOMICS OF SUBSISTENCE POINTS

2008 ◽  
Vol 12 (S1) ◽  
pp. 136-147 ◽  
Author(s):  
MORTEN O. RAVN ◽  
STEPHANIE SCHMITT-GROHÉ ◽  
MARTÍN URIBE
Keyword(s):  
Empirical Evidence ◽  
Price Elasticity ◽  
Related Literature ◽  
Consumption Good ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence.

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