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The (alleged) environmental and social benefits of dynamic pricing.

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Title: The (alleged) environmental and social benefits of dynamic pricing.
Authors: Harding, Matthew1 (AUTHOR) harding1@uci.edu, Kettler, Kyle1 (AUTHOR) kettlerk@uci.edu, Lamarche, Carlos2 (AUTHOR) clamarche@uky.edu, Ma, Lala2 (AUTHOR) lala.ma@uky.edu
Source: Journal of Economic Behavior & Organization. Jan2023, Vol. 205, p574-593. 20p.
Subjects: Time-based pricing, Electric utilities, Electric power consumption, Environmental quality, Direct costing, Public utilities
Abstract: Dynamic pricing programs have the potential to better align the price and social marginal costs of electricity production in the presence of time-varying external impacts on environmental quality. Using a particular dynamic pricing implementation, we show that the resulting impact on short-term operating costs and emissions is at best ambiguous. Moreover, we highlight the difficulty in quantifying impacts across geographic regions even in ideal scenarios where data is plentiful and the behavioral response can be estimated precisely using a randomized control trial of customers of an electric utility. Our findings point to price-induced reallocation of electricity consumption within a day as the underlying causal mechanism that may increase net emissions depending on the source-generation mix of a region. [ABSTRACT FROM AUTHOR]
Copyright of Journal of Economic Behavior & Organization is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Database: Engineering Source
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Header DbId: egs
DbLabel: Engineering Source
An: 161141214
AccessLevel: 6
PubType: Academic Journal
PubTypeId: academicJournal
PreciseRelevancyScore: 0
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  Data: The (alleged) environmental and social benefits of dynamic pricing.
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  Data: <searchLink fieldCode="AR" term="%22Harding%2C+Matthew%22">Harding, Matthew</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> harding1@uci.edu</i><br /><searchLink fieldCode="AR" term="%22Kettler%2C+Kyle%22">Kettler, Kyle</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> kettlerk@uci.edu</i><br /><searchLink fieldCode="AR" term="%22Lamarche%2C+Carlos%22">Lamarche, Carlos</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> clamarche@uky.edu</i><br /><searchLink fieldCode="AR" term="%22Ma%2C+Lala%22">Ma, Lala</searchLink><relatesTo>2</relatesTo> (AUTHOR)<i> lala.ma@uky.edu</i>
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Economic+Behavior+%26+Organization%22">Journal of Economic Behavior & Organization</searchLink>. Jan2023, Vol. 205, p574-593. 20p.
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  Data: <searchLink fieldCode="DE" term="%22Time-based+pricing%22">Time-based pricing</searchLink><br /><searchLink fieldCode="DE" term="%22Electric+utilities%22">Electric utilities</searchLink><br /><searchLink fieldCode="DE" term="%22Electric+power+consumption%22">Electric power consumption</searchLink><br /><searchLink fieldCode="DE" term="%22Environmental+quality%22">Environmental quality</searchLink><br /><searchLink fieldCode="DE" term="%22Direct+costing%22">Direct costing</searchLink><br /><searchLink fieldCode="DE" term="%22Public+utilities%22">Public utilities</searchLink>
– Name: Abstract
  Label: Abstract
  Group: Ab
  Data: Dynamic pricing programs have the potential to better align the price and social marginal costs of electricity production in the presence of time-varying external impacts on environmental quality. Using a particular dynamic pricing implementation, we show that the resulting impact on short-term operating costs and emissions is at best ambiguous. Moreover, we highlight the difficulty in quantifying impacts across geographic regions even in ideal scenarios where data is plentiful and the behavioral response can be estimated precisely using a randomized control trial of customers of an electric utility. Our findings point to price-induced reallocation of electricity consumption within a day as the underlying causal mechanism that may increase net emissions depending on the source-generation mix of a region. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
  Label:
  Group: Ab
  Data: <i>Copyright of Journal of Economic Behavior & Organization is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
PLink https://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=egs&AN=161141214
RecordInfo BibRecord:
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      – Type: doi
        Value: 10.1016/j.jebo.2022.11.010
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      – Code: eng
        Text: English
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      Pagination:
        PageCount: 20
        StartPage: 574
    Subjects:
      – SubjectFull: Time-based pricing
        Type: general
      – SubjectFull: Electric utilities
        Type: general
      – SubjectFull: Electric power consumption
        Type: general
      – SubjectFull: Environmental quality
        Type: general
      – SubjectFull: Direct costing
        Type: general
      – SubjectFull: Public utilities
        Type: general
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      – TitleFull: The (alleged) environmental and social benefits of dynamic pricing.
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            NameFull: Harding, Matthew
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            NameFull: Kettler, Kyle
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            NameFull: Lamarche, Carlos
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            NameFull: Ma, Lala
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            – D: 01
              M: 01
              Text: Jan2023
              Type: published
              Y: 2023
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              Value: 205
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            – TitleFull: Journal of Economic Behavior & Organization
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