“Wild” tariff schemes: Evidence from the Republic of Georgia

Anna Alberini, Levan Bezhanishvili and Milan Ščasný ()

Energy Economics, 2022, vol. 110, issue C

Abstract: Consumers often struggle to grasp complicated pricing plans, including increasing block rate (IBR) schemes, which have been used for decades by utilities in many parts of the world. The assumption that they encourage conservation has, however, recently been challenged (Ito, 2014). We take advantage of the unique IBR tariffs for electricity in the Republic of Georgia—where “overage” is penalized more heavily than in conventional IBRs—to ask whether consumers respond to price, and to which price specifically.

Keywords: Residential electricity demand; Price elasticity; Increasing block rates; Tariff schemes; Symmetric response to price changes; Difference-in-difference (search for similar items in EconPapers)
Date: 2022
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Working Paper: "Wild" Tariff Schemes: Evidence from the Republic of Georgia (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:eneeco:v:110:y:2022:i:c:s0140988322001992

DOI: 10.1016/j.eneco.2022.106030

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