|Title||Real Time Pricing as a Default or Optional Service for Commercial and Industrial Customers: A Comparative Analysis of Eight Case Studies|
|LBNL Report Number||LBNL-57661|
|Year of Publication||2006|
|Authors||Barbose, Galen L., Charles A. Goldman, Ranjit Bharvirkar, Nicole C. Hopper, Michael K. Ting, and Bernard Neenan|
|Keywords||rate programs & tariffs|
Demand response (DR) is broadly recognized to be an integral component of well-functioning electricity markets, but currently underdeveloped in most regions. In recent years, there has been renewed interest among a number of public utility commissions (PUC) and utilities in implementing real-time pricing (RTP), typically for large commercial and industrial (C&I) customers, as a strategy for developing greater levels of DR. Such efforts typically face a set of key policy and program design issues, including:
Given resolution of these design and implementation issues, a key question for policymakers is how much DR can ultimately be expected from RTP, which requires analyzing customers' willingness to be exposed to dynamic hourly prices over a sustained time period and their actual price responsiveness.