The Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs

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ISBN 13 :
Total Pages : 55 pages
Book Rating : 4.:/5 (18 download)

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Book Synopsis The Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs by : Scott P. Burger

Download or read book The Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs written by Scott P. Burger and published by . This book was released on 2019 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: Electricity tariffs typically charge residential users a volumetric rate that covers the bulk of energy, transmission, and distribution costs. The resulting prices, charged per unit of electricity consumed, do not reflect marginal costs and vary little across time and space. The emergence of distributed energy resources-such as solar photovoltaics and energy storage-has sparked interest among regulators and utilities in reforming electricity tariffs to enable more efficient utilization of these resources. The economic pressure to redesign electricity rates is countered by concerns of how more efficient rate structures might impact different socioeconomic groups. We analyze the bill impacts of alternative rate plans using interval metering data for more than 100,000 customers in the Chicago, Illinois area. We combine these data with granular Census data to assess the incidence of bill changes across different socioeconomic groups. We find that low-income customers would face bill increases on average in a transition to more economically efficient electricity tariffs. However, we demonstrate that simple changes to fixed charges in two-part tariffs can mitigate these disparities while preserving all, or the vast majority, of the efficiency gains. These designs rely exclusively on observable information and could be replicated by utilities in many geographies across the U.S.

Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)

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Book Synopsis Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs by :

Download or read book Efficiency and Distributional Effects of Alternative Residential Electricity Rate Designs written by and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Future of Decentralized Electricity Distribution Networks

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Publisher : Elsevier
ISBN 13 : 0443155925
Total Pages : 528 pages
Book Rating : 4.4/5 (431 download)

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Book Synopsis The Future of Decentralized Electricity Distribution Networks by : Fereidoon Sioshansi

Download or read book The Future of Decentralized Electricity Distribution Networks written by Fereidoon Sioshansi and published by Elsevier. This book was released on 2023-05-23 with total page 528 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Future of Decentralized Electricity Distribution Networks assesses the evolution of the services delivered by the distribution network as demands placed on it proliferates from distributed, self-generating, power storing and power sharing ‘consumers’ – which Sioshansi terms ‘prosumagers’. The work outlines the processes by which passive and homogeneous electricity consumers become prosumers and prosumagers, the nature of their service needs, and dependence on the services delivered by the distribution network diverges. Contributors assess how consumers are discovering and exercising options to migrate away from total reliance on upstream generators to produce electricity and on the delivery network for its transmission. As they do so, the "utilities" – be they distributors or retailers – must rethink the traditional utility business model. How will they find sufficient revenues to cover their fixed and variable costs as volumetric consumption declines when some consumers become prosumers – or go a step further and become prosumagers? This work argues that new service, business models and new methods for collecting sufficient revenues to maintain the network are mandatory for the survival of modern utilities. Examines the future of services demanded by electricity customers as some diverge from their traditional total reliance on the network for delivery of all their service needs Reviews the emergence of new business models to meet the diverging needs of customers Explores the costs imposed by new types of customers on the delivery network and how to collect sufficient revenues from all to maintain it in ways that are efficient, equitable and fair

The redistributional impact of non-linear electricity pricing

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (649 download)

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Book Synopsis The redistributional impact of non-linear electricity pricing by : Severin Borenstein

Download or read book The redistributional impact of non-linear electricity pricing written by Severin Borenstein and published by . This book was released on 2010 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Utility regulators frequently focus as much or more on the distributional impact of electric rate structures as on their efficiency. The goal of protecting low-income consumers has become more central with recent increases in wholesale power costs and anticipation of significant costs of greenhouse gas emissions in the near future. These concerns have led to the widespread use of increasing-block pricing (IBP), under which the marginal price to the household increases as its daily or monthly usage rises. There is no cost basis for differentiating marginal price of electricity by consumption level, so perhaps nowhere is the conflict between efficiency and distributional goals greater than in the use of IBP. California has adopted some of the most steeply increasing-block tariffs in electric utility history. Combining household-level utility billing data with census data on income distribution by area, I derive estimates of the income redistribution effected by these increasing-block electricity tariffs. I find that the rate structure does redistribute income to lower-income groups, cutting the bills of households in the lowest income bracket by about 12% (about $5 per month). The effect would be about twice as large if not for the presence of another program that offers a different and lower rate structure to qualified low-income households. I find that the deadweight loss associated with IBP is likely to be large relative to the transfers. In contrast, I find that the means-tested program transfers income with much less economic inefficiency. A much larger share of the revenue redistributed by the IBP tariff, however, comes from the wealthiest quintile of households, so IBP may be a more progressive structure of redistribution. In carrying out the analysis, I also show that a common approach to studying (or controlling for) income distribution effects by using median household income within a census block group may substantially understate the potential effects.

Future of Utilities - Utilities of the Future

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Publisher : Academic Press
ISBN 13 : 0128043202
Total Pages : 494 pages
Book Rating : 4.1/5 (28 download)

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Book Synopsis Future of Utilities - Utilities of the Future by : Fereidoon Sioshansi

Download or read book Future of Utilities - Utilities of the Future written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2016-03-15 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: Future of Utilities - Utilities of the Future: How technological innovations in distributed generation will reshape the electric power sector relates the latest information on the electric power sector its rapid transformation, particularly on the distribution network and customer side. Trends like the rapid rise of self-generation and distributed generation, microgrids, demand response, the dissemination of electric vehicles and zero-net energy buildings that promise to turn many consumers into prosumers are discussed. The book brings together authors from industry and academic backgrounds to present their original, cutting-edge and thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector. The book's first part lays out the present scenario, with concepts such as an integrated grid, microgrids, self-generation, customer-centric service, and pricing, while the second part focuses on how innovation, policy, regulation, and pricing models may come together to form a new electrical sector, exploring the reconfiguring of the current institutions, new rates design in light of changes to retail electricity markets and energy efficiency, and the cost and benefits of integration of distributed or intermittent generation, including coupling local renewable energy generation with electric vehicle fleets. The final section projects the future function and role of existing electrical utilities and newcomers to this sector, looking at new pathways for business and pricing models, consumer relations, technology, and innovation. Contains discussions that help readers understand the underlying causes and drivers of change in the electrical sector, and what these changes mean in financial, operational, and regulatory terms Provides thought-provoking ideas on the challenges currently faced by electric utilities around the globe, the opportunities they present, and what the future might hold for both traditional players and new entrants to the sector Helps readers anticipate what developments are likely to define the function and role of the utility of the future

Behind and Beyond the Meter

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Publisher : Academic Press
ISBN 13 : 0128204141
Total Pages : 460 pages
Book Rating : 4.1/5 (282 download)

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Book Synopsis Behind and Beyond the Meter by : Fereidoon Sioshansi

Download or read book Behind and Beyond the Meter written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2020-02-01 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: The historical ways in which electricity was generated in large central power plants and delivered to passive customers through a one-way transmission and distribution network – as everyone knows – is radically changing to one where consumers can generate, store and consume a significant portion of their energy needs energy locally. This, however, is only the first step, soon to be followed by the ability to share or trade with others using the distribution network. More exciting opportunities are possible with the increased digitalization of BTM assets, which in turn can be aggregated into large portfolios of flexible load and generation and optimized using artificial intelligence and machine learning. Examines the latest advances in digitalization of behind-the-meter assets including distributed generation, distributes storage and electric vehicles and – more important – how these assets can be aggregated and remotely monitored unleashing tremendous value and a myriad of innovative services and business models Examines what lies behind-the-meter (BTM) of typical customers and why managing these assets increasingly matter Describes how smart aggregators with intelligent software are creating value by optimizing how energy may be generated, consumed, stored o potentially shared o traded and between consumers; prosumers and prosumagers (that is, prosumers with storage) Explores new business models that are likely to disrupt the traditional interface between the incumbents and their customers

Smart Grid Economics and Management

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Publisher : Springer Nature
ISBN 13 : 303084286X
Total Pages : 245 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Smart Grid Economics and Management by : Clemens van Dinther

Download or read book Smart Grid Economics and Management written by Clemens van Dinther and published by Springer Nature. This book was released on 2022-05-07 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on market/regulatory issues concerning smart grid applications, business cases and use cases. It covers the most relevant aspects of the smart grid—design considerations, economics, legal aspects and system management—and includes exercises at the end of each chapter. Since renewable energy generation is weather-dependent, it is more volatile, which affects market prices and the need for flexibility options including demand side management. In order to balance supply and demand in a sustainable manner also with high shares of renewables, energy systems need to be enhanced by smart grid technologies. This co-evolutionary transformation of the energy system, economic, societal, political and regulatory domains is challenging and calls for an integrated and interdisciplinary approach. This book provides an essential basis to prepare lecturers and students for engaging in the new energy world.

Energy Sustainability through Retail Electricity Markets

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Publisher : Springer Nature
ISBN 13 : 303139707X
Total Pages : 242 pages
Book Rating : 4.0/5 (313 download)

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Book Synopsis Energy Sustainability through Retail Electricity Markets by : John Collins

Download or read book Energy Sustainability through Retail Electricity Markets written by John Collins and published by Springer Nature. This book was released on 2023-12-16 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is moving away from demand-driven electricity markets supplied by centralized generation and distribution of fossil-fuel-produced electricity. Increasing reliance on weather-dependent renewable sources will require a shift toward a supply-driven paradigm, while beneficial electrification, including widespread adoption of electric vehicles, heat pumps, and batteries will offer considerable but widely distributed demand flexibility that can be used to compensate for supply variability. The open-source Power Trading Agent Competition (Power TAC) platform simulates a decentralized future, modeling the high complexity of future retail electricity markets. This book describes a variety of approaches to profitable trading in realistic wholesale and retail electricity markets. It presents actionable insights from extensive exploration of policies and business models for retail electricity markets gained from a decade of Power TAC tournaments, and from research inspired by the Power TAC experience. Featuring contributions from tournament designers, competitors, and scientists combining best practices from computer science and economics and management science, this book is of benefit to academics, researchers, practitioners and policy makers in sustainable energy and wholesale and retail electricity markets.

The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications

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Publisher : International Monetary Fund
ISBN 13 : 151357339X
Total Pages : 32 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications by : Baoping Shang

Download or read book The Poverty and Distributional Impacts of Carbon Pricing: Channels and Policy Implications written by Baoping Shang and published by International Monetary Fund. This book was released on 2021-06-25 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the poverty and distributional impacts of carbon pricing reforms is critical for the success of ambitious actions in the fight against climate change. This paper uses a simple framework to systematically review the channels through which carbon pricing can potentially affect poverty and inequality. It finds that the channels differ in important ways along several dimensions. The paper also identifies several key gaps in the current literature and discusses some considerations on how policy designs could take into account the attributes of the channels in mitigating the impacts of carbon pricing reforms on households.

Consumer, Prosumer, Prosumager

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Publisher : Academic Press
ISBN 13 : 0128168366
Total Pages : 550 pages
Book Rating : 4.1/5 (281 download)

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Book Synopsis Consumer, Prosumer, Prosumager by : Fereidoon P. Sioshansi

Download or read book Consumer, Prosumer, Prosumager written by Fereidoon P. Sioshansi and published by Academic Press. This book was released on 2019-02-19 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Consumers, Prosumers, Prosumagers: How Customer Stratification will Disrupt the Utility Business Model examines customer stratification in the electric power sector, arguing that it is poised to become one of the fundamental drivers of the 21st century power network as distributed energy generation, storage, sharing and trading options become available at scale. The book addresses the interface and the relationship between key players and their impacts on incumbent and disruptive service providers. Topics covered include innovations that lead to consumer stratification, regulatory policy, the potential of service, the speed and spread of stratification, and a review of potential business models and strategies. The work also covers the evolution and potential end-states of electricity service provision, from its basis in current pilot programs as distributed generation scales and its potential to supplant industry norms. Explores the impacts and trajectories of increasing distributed power generation and storage adoption Analyzes the growing number of electricity services and their impact on the existing power grid and service providers, including incumbent and disruptor utilities Discusses future market trends and trends in costs, pricing and business models

Water, Electricity, and the Poor

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Publisher : World Bank Publications
ISBN 13 : 9780821363423
Total Pages : 308 pages
Book Rating : 4.3/5 (634 download)

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Book Synopsis Water, Electricity, and the Poor by : Kristin Komives

Download or read book Water, Electricity, and the Poor written by Kristin Komives and published by World Bank Publications. This book was released on 2005 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the prevalence and variants of consumer subsidies found in the developing world and the effectiveness of these subsidies for the poor. It places consumer subsidies in a broader social protection framework and compares them with poverty-focused programmes in other sectors using a common metric. It concludes that the most common subsidy instruments perform poorly in comparison with most other transfer mechanisms. Alternative consumption and connection subsidy mechanisms show more promise, especially when combined with complementary non-price approaches to making utility services accessible and affordable to poor households. The many factors contributing to those outcomes are dissected, identifying those that can be controlled and used to improve performance.

Principles of Public Utility Rates

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Publisher :
ISBN 13 :
Total Pages : 433 pages
Book Rating : 4.:/5 (613 download)

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Book Synopsis Principles of Public Utility Rates by : James C. Bonbright

Download or read book Principles of Public Utility Rates written by James C. Bonbright and published by . This book was released on 1966 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Real Prospects for Energy Efficiency in the United States

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Publisher : National Academies Press
ISBN 13 : 0309156866
Total Pages : 349 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Real Prospects for Energy Efficiency in the United States by : National Research Council

Download or read book Real Prospects for Energy Efficiency in the United States written by National Research Council and published by National Academies Press. This book was released on 2010-06-10 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's economy and lifestyles have been shaped by the low prices and availability of energy. In the last decade, however, the prices of oil, natural gas, and coal have increased dramatically, leaving consumers and the industrial and service sectors looking for ways to reduce energy use. To achieve greater energy efficiency, we need technology, more informed consumers and producers, and investments in more energy-efficient industrial processes, businesses, residences, and transportation. As part of the America's Energy Future project, Real Prospects for Energy Efficiency in the United States examines the potential for reducing energy demand through improving efficiency by using existing technologies, technologies developed but not yet utilized widely, and prospective technologies. The book evaluates technologies based on their estimated times to initial commercial deployment, and provides an analysis of costs, barriers, and research needs. This quantitative characterization of technologies will guide policy makers toward planning the future of energy use in America. This book will also have much to offer to industry leaders, investors, environmentalists, and others looking for a practical diagnosis of energy efficiency possibilities.

Regulatory Choices

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Publisher : Univ of California Press
ISBN 13 : 0520327217
Total Pages : 408 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Regulatory Choices by : Richard J. Gilbert

Download or read book Regulatory Choices written by Richard J. Gilbert and published by Univ of California Press. This book was released on 2023-11-10 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulatory Choices offers the first comprehensive economic history of energy policy and its consequences for California, where some of the most innovative and far-ranging programs of regulatory reform have originated. The authors of this volume have gathered together an impressive wealth of material about actual policy decisions and their repercussions and have subjected their findings to astute economic analysis. This book will serve for years to come as an invaluable reference on the costs and effects of various energy policies. With its focus on bringing prices in alignment with the true cost of producing power and delivering it to the customer, the first part of the book outlines the issue of setting utility rates and considers some of the proposals to provide regulated industries with incentives to respond to economic and environmental concerns. The problems of energy supply occupy the second part of the book, which includes a survey of the costs of alternative energy sources and estimates of their environmental impacts, as well as a case study of the construction of the Diablo Canyon nuclear power plant. The book concludes by documenting the results of subsidy programs that were designed to target the development of wind power and residential energy conservation. Regulators, we learn, have a mixed record when it comes to managing the production of energy. Some conservation programs have enjoyed considerable economic success, particularly those that correct a lack of consumer information. Others, such as the renewable energy tax credits or programs designed to subsidize new technologies, have cost much more than the value of the energy they have saved. What emerges clearly from this study is that regulated industries are not immune from the forces of competition. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1991.

A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies

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Publisher :
ISBN 13 : 9781410221056
Total Pages : 96 pages
Book Rating : 4.2/5 (21 download)

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Book Synopsis A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies by : Walter Short

Download or read book A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies written by Walter Short and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Manual for the Economic Evaluation of Energy Efficiency and Renewable Energy Technologies provides guidance on economic evaluation approaches, metrics, and levels of detail required, while offering a consistent basis on which analysts can perform analyses using standard assumptions and bases. It not only provides information on the primary economic measures used in economic analyses and the fundamentals of finance but also provides guidance focused on the special considerations required in the economic evaluation of energy efficiency and renewable energy systems.

The Politics of Public Utility Regulation

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Publisher : University of Pittsburgh Pre
ISBN 13 : 0822974274
Total Pages : 284 pages
Book Rating : 4.8/5 (229 download)

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Book Synopsis The Politics of Public Utility Regulation by : William T. Gormley, Jr.

Download or read book The Politics of Public Utility Regulation written by William T. Gormley, Jr. and published by University of Pittsburgh Pre. This book was released on 2010-11-23 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the important and increasingly controversial issues of utility regulation by combining a sophisticated understanding of these issues with a rigorous examination of various regulatory arrangements across the American states. It draws on interviews with participants in twelve states: public utility commissioners, commission staff members, utility company executives, governmental consumer advocates, and citizen activists. In addition to offering an up-to-date, comprehensive survey of regulatory politics at the state level, Gormley makes specific proposals for regulatory reform and emphasizes the importance (and difficulty) of assuring both expertise and accountability. Students of politics and public policy will find the state-level approach useful in examining the strategies of the "New Federalism" that transfer more and more formerly federal responsibilities to the states.

Energy Abstracts for Policy Analysis

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Publisher :
ISBN 13 :
Total Pages : 538 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Energy Abstracts for Policy Analysis by :

Download or read book Energy Abstracts for Policy Analysis written by and published by . This book was released on 1989 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: