Barriers to real-time electricity pricing: Evidence from New Zealand

IF 1.7 3区 经济学 Q2 ECONOMICS
Charles Pébereau , Kevin Remmy
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引用次数: 0

Abstract

This paper studies the introduction of real-time electricity pricing in the New Zealand residential retail market to understand why its market share remained below 1.25%. We use rich panel data of all retail switches between 2014 and 2018 and an unexpected wholesale price spike to study adoption and attrition. Exploiting the staggered roll-out of real-time pricing in different locations we find that attrition decreases with experience. We also find that prospective adopters are present biased. The combination of these findings explains why adoption stalled and shows that wholesale price spikes pose a serious threat to widespread adoption of real-time pricing.

实时电价的障碍:来自新西兰的证据
本文研究了实时电价在新西兰住宅零售市场的引入,以了解其市场份额保持在1.25%以下的原因。我们使用2014年至2018年间所有零售交换机的丰富面板数据和意外的批发价格飙升来研究采用和流失。利用在不同地点交错推出的实时定价,我们发现流失率随着经验的增加而降低。我们还发现,未来的采用者目前存在偏见。这些发现的结合解释了为什么采用停滞不前,并表明批发价格飙升对实时定价的广泛采用构成了严重威胁。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
2.50
自引率
6.70%
发文量
48
审稿时长
77 days
期刊介绍: The IJIO is an international venture that aims at full coverage of theoretical and empirical questions in industrial organization. This includes classic questions of strategic behavior and market structure. The journal also seeks to publish articles dealing with technological change, internal organization of firms, regulation, antitrust and productivity analysis. We recognize the need to allow for diversity of perspectives and research styles in industrial organization and we encourage submissions in theoretical work, empirical work, and case studies. The journal will also occasionally publish symposia on topical issues.
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