Is it time for daily time-of-use electricity prices?

Rob Lawson, John Williamson, Paul Thorsnes and Eirikur Ragnarsson

No 19230, Working Paper Series from Victoria University of Wellington, The New Zealand Institute for the Study of Competition and Regulation

Abstract: The large-scale roll-out of so-called 'smart' electricity meters that record electricity consumption at frequent intervals gives electricity retailers the opportunity to vary price over the course of a day potentially better matching price to production cost. Of interest to both retailers and policy makers is how New Zealanders might respond to pricing plans that include 'time-of-use' pricing. In this seminar I report the results of a year-long experiment in which a sample of households in suburban Auckland volunteered to experience peak/off-peak price differentials of 4 cent; 10 cent; or 20 cent; per kilowatt hour. These households also received better-than-conventional information about their electricity consumption: a simple chart in their monthly bill depicting daily peak and off-peak consumption.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcsr:19230

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