AI summary
80% confidenceMES research in bacteria, energy. The level of price elasticity for electricity service has always been a subject rife with co...
Generated by MESSAI extraction pipeline · review against source PDF
Reported parameters
No values extracted from this paper yet.
No 3D model is mapped to this paper yet. Parameter ranges above still place reported values on the literature distribution.
Abstract
The level of price elasticity for electricity service has always been a subject rife with controversy. Estimates of price elasticity in this industry have varied widely, and little if any consensus exists on what the true level of price elasticity is. This lack of consensus is evident in regulatory filings involving electricity rate increases, where price elasticity is generally ignored as a factor influencing future sales and revenues after the rate increases occur. Complicating the issue further is the question of exactly what price (if any) electricity customers are responding to: the total bill, the marginal (per kWh) rate, or some combination thereof. And of course, the answer to this question will be affected by the existence of any customer‐facing programs that make consumers more aware of and/or provide incentives to respond to time‐varying electricity prices.
Keywords
Identifiers
- Journal
- Natural Gas & Electricity
- Year
- 2020