Lab Seminar: Customer perspectives of real-time electricity tariffs

ARE Ph.D. student Stuart Morrison presented his work on customer responses to variable electricity pricing in Australia. It is becoming increasingly common for energy providers to charge residential consumers a price that is driven by daily electricity markets, rather than a conventional, flat fee. Economic theory suggests that residential consumers will adjust their behavior as prices change throughout the day. But there are many margins along which this adjustment might occur. Stuart laid out a research plan for investigating the impacts of salient changes in electricity prices on residential consumers via a partnership with an Australian electricity provider. 

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Energy Economics