Full Document

FormatFile SizeNotes
PDF file 1.8 MB

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


Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback47 pages $20.00 $16.00 20% Web Discount

This report is an executive summary of a larger body of research. It contains the authors' major policy recommendations for electricity pricing. The detailed analyses on which these findings are based are contained in some 48 separate studies. The policy recommendations of the authors are as follows: The time-of-day (TOD) rate structure should be tailored to the cost circumstances of the particular utility, with the peak period encompassing the hours of highest cost; utilities and commissions considering the introduction of TOD rates can use the authors' results to generate reasonable projections of response in their service territory; the projections will not exactly predict the results for any given utility; TOD rates for residential customers should be implemented selectively and designed to attract households for whom they are cost-effective; and a utility should conduct a cost-benefit analysis that incorporates data on local conditions when establishing the desirable minimum level of use for TOD rates.

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.