Residential Electricity Demand Under Time-of-Day Pricing

Exploratory Data Analysis from the Los Angeles Rate Study

Willard G. Manning, Jan Paul Acton

ResearchPublished 1980

This analysis seeks statistically reliable estimates of response to time-of-day (TOD) pricing, concentrating on statistical issues rather than solely economic ones. The main purpose is to urge analysts to apply exploratory data analysis with relatively simple, "model free" specifications before analyzing TOD response with a more highly structured set of economic demand equations. Such an exploratory analysis with a large set of experimental data is illustrated and the estimates and statistical tests that result are reported. The results are highly statistically significant and the model leads to good predictions, corresponding well with the price elasticities estimated by other researchers in more highly structured models applied to other experimental data sets.

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  • Copyright: RAND Corporation
  • Availability: Available
  • Year: 1980
  • Print Format: Paperback
  • Paperback Pages: 50
  • Paperback Price: $15.00
  • DOI: https://doi.org/10.7249/R2426
  • Document Number: R-2426-DWP/HF

Citation

RAND Style Manual
Manning, Willard G. and Jan Paul Acton, Residential Electricity Demand Under Time-of-Day Pricing: Exploratory Data Analysis from the Los Angeles Rate Study, RAND Corporation, R-2426-DWP/HF, 1980. As of October 9, 2024: https://www.rand.org/pubs/reports/R2426.html
Chicago Manual of Style
Manning, Willard G. and Jan Paul Acton, Residential Electricity Demand Under Time-of-Day Pricing: Exploratory Data Analysis from the Los Angeles Rate Study. Santa Monica, CA: RAND Corporation, 1980. https://www.rand.org/pubs/reports/R2426.html. Also available in print form.
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