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Energy Hogs and Energy Angels : What Does Residential Electricity Usage Really Tell Us About Profligate Consumption?
Borenstein, Severin - National Bureau of Economic Research - 2024
Since the 1970s, high volumetric (per kilowatt-hour) electricity prices have been justified in many policy discussions as encouraging more efficient use of electricity and placing more of the cost burden on those who are less prudent in their use. The argument has been used in support of...
Persistent link: https://www.econbiz.de/10014468223
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The Efficiency of Dynamic Electricity Prices
Hinchberger, Andrew J.; Jacobsen, Mark R.; Knittel, … - National Bureau of Economic Research - 2024
The marginal cost of electricity fluctuates hour-by-hour, yet retail customers typically face flat prices. Using data from all seven US wholesale markets and a new method to evaluate alternative rates set in advance that accounts for equilibrium price effects, we estimate efficiency gains from...
Persistent link: https://www.econbiz.de/10015072936
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Unequal Uptake : Assessing Distributional Disparities in the Residential Solar Market
Dorsey, Jackson; Wolfson, Derek C. - National Bureau of Economic Research - 2024
We examine technology adoption and consumer welfare disparities across demographic groups using data from an online solar photovoltaic (PV) marketplace. Low-income households are 25% less likely to purchase solar through the platform and obtain 53% lower expected consumer surplus than...
Persistent link: https://www.econbiz.de/10015056139
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Decarbonization and Electrification in the Long Run
Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022
Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...
Persistent link: https://www.econbiz.de/10013210110
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Electricity Retail Rate Design in a Decarbonized Economy : An Analysis of Time-Of-Use and Critical Peak Pricing
Schittekatte, Tim; Mallapragada, Dharik; Joskow, Paul L.; … - National Bureau of Economic Research - 2022
Currently, most U.S. electricity consumers pay a constant price per kWh consumed that accounts for most of their bill. Ongoing developments in the power system increase efficiency gains that can be made from exposing consumers to widely varying wholesale spot prices. Pure spot pricing is not...
Persistent link: https://www.econbiz.de/10013435122
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The Market and Climate Implications of U.S. LNG Exports
Stock, James H.; Zaragoza-Watkins, Matthew - National Bureau of Economic Research - 2024
From 2015 to 2023, the United States transformed from a net importer of natural gas to the world's largest liquified natural gas (LNG) exporter. We find that this surge in LNG exports has reconnected U.S. gas prices to world market prices, after a hiatus of "shut-in" fracked gas. We estimate...
Persistent link: https://www.econbiz.de/10014512082
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Power Flows : Transmission Lines and Corporate Profits
Hausman, Catherine - National Bureau of Economic Research - 2024
Economists, energy experts, and policymakers have called for accelerating investment in the U.S. electricity transmission network. Additional transmission lines could better integrate markets, reducing the total cost of electricity generation. They could also allow for the better integration of...
Persistent link: https://www.econbiz.de/10014468290
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Five Myths About Carbon Pricing
Metcalf, Gilbert E. - National Bureau of Economic Research - 2023
While carbon pricing, in general, and carbon taxes, in particular, are popular with economists, they are subject to considerable misunderstanding among policy makers and the public. In this paper I consider and refute five myths about carbon taxes: 1) that a carbon price will hurt economic...
Persistent link: https://www.econbiz.de/10014250122
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The U.S. Manufacturing Sector's Response to Higher Electricity Prices : Evidence from State-Level Renewable Portfolio Standards
Wolverton, Ann; Shadbegian, Ronald John; Gray, Wayne B. - National Bureau of Economic Research - 2022
on state-level data and there has been little research on how RPS policies affect manufacturing activity via their effect … on electricity prices. Using plant-level data for the entire U.S. manufacturing sector and all electric utilities from … decisions. To ensure that our results are not sensitive to possible pre-existing differences across manufacturing plants in RPS …
Persistent link: https://www.econbiz.de/10013388858
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The Economic Determinants of Heat Pump Adoption
Davis, Lucas W. - National Bureau of Economic Research - 2023
One concern with subsidies for low-carbon technologies is that they tend to go predominantly to high-income households. Previous research has shown, for example, that the top income quintile receives 60% of subsidies for rooftop solar and 90% of subsidies for electric vehicles. This paper finds...
Persistent link: https://www.econbiz.de/10014322732