Economics at your fingertips  

Residential Energy Efficiency Investment and Demand Response Under Different Electricity Pricing Schemes: A Physical-Microeconomic Approach

Walid Matar ()

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: This paper expands on a previously-presented methodology that merges the physical properties of energy with microeconomic principles: The physical side of the model informs how much electricity is used to satisfy services that people desire, while the microeconomic side imposes a utility function to represent household satisfaction. This paper adds energy efficiency investment to the price-based behavioral demand response and presents results representative of the long-run steady-state. It examines several electricity pricing schemes and energy efficiency options, with the costs and benefits of each option explicitly modeled in the physical representation.

Keywords: Microeconomics; Electricity pricing schemes; Economic modelling; Household satisfaction (search for similar items in EconPapers)
Pages: 31
Date: 2020-03-24
New Economics Papers: this item is included in nep-ene and nep-reg
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) ... roeconomic-approach/ First version, 2020

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

DOI: 10.30573/KS--2020-DP07

Access Statistics for this paper

More papers in Discussion Papers from King Abdullah Petroleum Studies and Research Center Contact information at EDIRC.
Bibliographic data for series maintained by Michael Gaffney ().

Page updated 2022-06-27
Handle: RePEc:prc:dpaper:ks--2020-dp07