Results 171 to 180 of about 1,951 (209)

Energy saving may kill : evidence from the fukushima nuclear accident

American Economic Journal: Applied Economics, 2023
Following the Fukushima nuclear accident, Japan gradually shut down all its nuclear power plants, causing a countrywide power shortage. In response the government launched large-scale energy-saving campaigns to reduce electricity consumption.
Guojun He, Takanao Tanaka
semanticscholar   +1 more source

Alert the Inert? Switching Costs and Limited Awareness in Retail Electricity Markets

American Economic Journal: Microeconomics, 2023
We quantify how switching costs and limited awareness affect consumer inertia in liberalized retail electricity markets by developing and estimating a structural demand model using a novel dataset on electricity contract choices in Belgium.
Luisa Dressler, Stefan Weiergraeber
semanticscholar   +1 more source

Start-Up Costs and Market Power: Lessons from the Renewable Energy Transition

The American Economic Review
Firms expect to recover the fixed costs required to start production by earning positive operating profits in subsequent periods. We develop a dynamic competitive benchmark that accounts for start-up costs, showing that static markups overstate the rents
A. Jha, Gordon W. Leslie
semanticscholar   +1 more source

Power Flows: Transmission Lines, Allocative Efficiency, and Corporate Profits

The American Economic Review
Accelerated investment in electricity transmission could reduce total costs and enhance renewable integration. I document static allocative inefficiencies induced by incomplete market integration in 2 major US markets; these have risen over time and ...
Catherine Hausman
semanticscholar   +1 more source

Smart Thermostats, Automation, and Time-Varying Prices

American Economic Journal: Applied Economics
Can automation complement economic incentives? We explore this question by randomly encouraging households to activate a feature on their existing smart thermostat that automates responsiveness to time-of-use electricity pricing.
Joshua A. Blonz, K. Palmer, Casey J. Wichman, Derek C. Wietelman   +3 more
semanticscholar   +1 more source

Show Me the Money! A Field Experiment on Electric Vehicle Charge Timing

American Economic Journal: Economic Policy
We use a field experiment to measure the effectiveness of financial incentives to shift the timing of electric vehicle (EV) charging. EV owners respond strongly to financial incentives, reducing charging during peak hours by 49 percent by shifting to off-
Megan R. Bailey, David P. Brown, Blake Shaffer, Frank A. Wolak   +3 more
semanticscholar   +1 more source

The Costs of Misaligned Incentives: Energy Inefficiency and the Principal-Agent Problem

American Economic Journal: Economic Policy, 2023
In many settings, misaligned incentives and inadequate monitoring lead employees to take self-interested actions. This paper identifies and quantifies the costs of this principal-agent problem in the context of an energy efficiency appliance replacement ...
Joshua A. Blonz
semanticscholar   +1 more source

Electric Vehicles and the Energy Transition: Unintended Consequences of Time-of-Use Pricing

American Economic Review: Insights
The growth of electric vehicles (EVs) raises new challenges for electricity systems. We implement a field experiment to assess the effect of time-of-use (TOU) pricing and managed charging on EV charging behavior.
Megan R. Bailey, David P. Brown, Erica Myers, Blake Shaffer, Frank A. Wolak   +4 more
semanticscholar   +1 more source

Dynamic Competition and Arbitrage in Electricity Markets: The Role of Financial Players

American Economic Journal: Microeconomics, 2022
I study the effects of financial players who trade alongside physical buyers and sellers in electricity markets. Using detailed firm-level data, I examine physical and financial firms’ responses to regulation that exogenously increased financial trading.
Ignacia Mercadal
semanticscholar   +1 more source

Time is Money: The Social Benefits of Time-of-Use Tariffs

Social Science Research Network
In this study, we first estimate the impact of a mandatory time-of-use (TOU) pricing policy on the aggregate electricity load and find evidence for statistically significant load-shifting effects.
Feng Song, Ao Sun, Bo-Wei Guo
semanticscholar   +1 more source