GSTDTAP  > 气候变化
DOI10.1016/j.enpol.2019.06.065
Estimating demand response in an extreme block pricing environment: Evidence from Korea's electricity pricing system, 2005-2014
Kim, Hyun-gyu
2019-09-01
发表期刊ENERGY POLICY
ISSN0301-4215
EISSN1873-6777
出版年2019
卷号132页码:1076-1086
文章类型Article
语种英语
国家USA
英文摘要

Standard consumer theory predicts that under block pricing, quantities consumed should bunch below block thresholds where marginal prices rise. However, researchers have previously found little or no evidence of bunching. In this study, I examine whether consumers respond to the marginal prices by using a different form of block pricing, one that includes both marginal price and fixed charge increases at the threshold, called increasing fixed-charge block pricing. Under this pricing schedule, the price increase at the threshold is more salient compared to the standard block pricing due to the increase in fixed charge. As a result, consumers are predicted to bunch below the thresholds and generate a zero density hole above the thresholds. I empirically test this by using the case in South Korea and find evidence that consumers tended to respond to price increase at the thresholds in 2005 and 2006. The considerable consumer bunching is observed around the thresholds. However, this evidence suddenly disappears after 2007 and never returned. While the reasons for this disappearance are not fully understood, the absence of consumer bunching suggests that consumers tend to respond to alternative pricing schedules rather than marginal price even with salient marginal price increases at the threshold.


英文关键词Block pricing Electricity market Marginal price Bunching analysis
领域气候变化
收录类别SCI-E ; SSCI
WOS记录号WOS:000483425800100
WOS关键词AVERAGE
WOS类目Economics ; Energy & Fuels ; Environmental Sciences ; Environmental Studies
WOS研究方向Business & Economics ; Energy & Fuels ; Environmental Sciences & Ecology
引用统计
文献类型期刊论文
条目标识符http://119.78.100.173/C666/handle/2XK7JSWQ/186460
专题气候变化
作者单位Univ Hawaii Manoa, Dept Econ, 2424 Maile Way,Saunders Hall 542, Honolulu, HI 96822 USA
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GB/T 7714
Kim, Hyun-gyu. Estimating demand response in an extreme block pricing environment: Evidence from Korea's electricity pricing system, 2005-2014[J]. ENERGY POLICY,2019,132:1076-1086.
APA Kim, Hyun-gyu.(2019).Estimating demand response in an extreme block pricing environment: Evidence from Korea's electricity pricing system, 2005-2014.ENERGY POLICY,132,1076-1086.
MLA Kim, Hyun-gyu."Estimating demand response in an extreme block pricing environment: Evidence from Korea's electricity pricing system, 2005-2014".ENERGY POLICY 132(2019):1076-1086.
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