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DOI | 10.1016/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
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ISSN | 0301-4215 |
EISSN | 1873-6777 |
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 |
推荐引用方式 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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