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Winter Residential Optional Dynamic Pricing: British Columbia, Canada

Abstract:
This paper estimates the daily kWh responses on a working weekday of 1326 single-family-home residents who voluntarily participated in a residential optional dynamic pricing (RODP) pilot in the winter-peaking coastal province of British Columbia (BC) in western Canada. Based on the pilot's operation in November 2007-February 2008, we estimate that the kWh reduction in the peak period of 4-9 pm on a working weekday sans an in-home display (IHD) is: (a) 2.2% to 4.4% at time-of-use tariffs with peak-to-off-peak price ratios of 2.0 to 6.0; and (b) 4.8 to 5.3% at critical peak pricing tariffs with peak-to-off-peak price ratios of 8.0 to 12.0. The IHD approximately doubles these estimated peak kWh reductions. As BC residents already have smart meters with an IHD function, these findings recommend exploring the use of a system-wide RODP program to improve the BC grid's system efficiency.

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Energy Specializations: Electricity – Markets and Prices ; Energy and the Economy –Economic Growth and Energy Demand

JEL Codes: Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q20: Renewable Resources and Conservation: General, Q41: Energy: Demand and Supply; Prices, Q33: Resource Booms, Q35: Hydrocarbon Resources, C51: Model Construction and Estimation, Q42: Alternative Energy Sources

Keywords: Residential optional dynamic pricing, Electricity demand by time-of-use, In-home display, British Columbia

DOI: https://doi.org/10.5547/01956574.38.5.cwoo

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Published in Volume 38, Number 5 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.

 

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