Electricity Consumption by Time of Use in a Hybrid Demand System

by Bridger M. Mitchell, Jan Paul Acton

Download

Download eBook for Free

FormatFile SizeNotes
PDF file 2.3 MB

Use Adobe Acrobat Reader version 10 or higher for the best experience.

Purchase

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback66 pages $25.00 $20.00 20% Web Discount

The results of behavior under time-of-use (TOU) plans in the Los Angeles Electricity Rate Study are presented using a hybrid system of TOU demand equations for evaluating and forecasting the effects of TOU pricing. The hybrid model involves three stages: (1) The variation in consumption in each rate period that results from the month-to-month variation in weather is estimated and each household's consumption adjusted to a level corresponding to average weather conditions. (2) The effect of prices and household characteristics on the adjusted consumption in each rate period is determined. (3) The level of total electricity consumption is explained by household characteristics and the average price of electricity in peak and off-peak hours. Estimates from the hybrid model are superior to those obtained by single-equation methods and do not require the highly restrictive assumptions used in many demand systems. TOU rates are shown to change the distribution of electricity consumption by period of the day as well as affect the total quantity of electricity.

This report is part of the RAND Corporation report series. The report was a product of the RAND Corporation from 1948 to 1993 that represented the principal publication documenting and transmitting RAND's major research findings and final research.

Permission is given to duplicate this electronic document for personal use only, as long as it is unaltered and complete. Copies may not be duplicated for commercial purposes. Unauthorized posting of RAND PDFs to a non-RAND Web site is prohibited. RAND PDFs are protected under copyright law. For information on reprint and linking permissions, please visit the RAND Permissions page.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.