Cost-effectiveness of price response in the residential sector: Preliminary findings from the California experience

TitleCost-effectiveness of price response in the residential sector: Preliminary findings from the California experience
Publication TypeConference Paper
LBNL Report NumberLBNL-53440
Year of Publication2003
AuthorsHerter, Karen, Patrick McAuliffe, and Arthur H. Rosenfeld
Conference Name3rd International Conference on Energy Efficiency in Domestic Appliances and Lighting (EEDAL)
Date Published11/2003
Conference LocationTurin, Italy
Keywordsdemand response, rate programs & tariffs
Abstract

Like many states and countries with restructured electricity industries, California is considering the use of price response to stabilize markets, improve reliability and reduce rates. An official investigation into the cost-effectiveness of advanced metering, demand response and dynamic pricing in the commercial, industrial and residential sectors is currently underway in California. Preliminary results show that some price response options are likely to be cost-effective for the residential sector. Ongoing research in California includes a statewide experiment to determine price elasticities in the residential sector, with results expected at the end of 2003. Future work will use these results in a detailed analysis of the cost-effectiveness of advanced metering and dynamic pricing in California.

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