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- Title
Are Queensland Residents Willing and Able to Respond to Time-Varying Electricity Prices?
- Abstract
Are Queensland residents willing and able to respond to varying electricity prices to reduce demand in peak times? To answer this, Energex and Ergon Energy conducted one of the largest tariff trials in Australia. The trial investigated time of use, dynamic peak pricing and load capacity tariffs across three climatic regions. This article presents empirical and participant survey results from the 27-month trial. Results show participants across all regions achieved approximately a 19 per cent reduction in consumption during peak times on event days. Trial findings shed light on and challenge some long-held views regarding pricing structures.
- Subjects
AUSTRALIA; ELECTRIC rates; ENERGEX Ltd.; ERGON Energy Corp. Ltd.; ELECTRIC utilities; ELECTRIC power consumption
- Publication
Australian Economic Review, 2014, Vol 47, Issue 3, p324
- ISSN
0004-9018
- Publication type
Article
- DOI
10.1111/1467-8462.12063