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DTSTART;TZID=America/Los_Angeles:20140508T140000
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SUMMARY:Environment and Energy Economics Weekly Seminar: Katrina Jessoe
DESCRIPTION:“Commercial and Industrial Demand Response UnderMandatory Time-of-Use Electricity Pricing”AbstractThis paper is the first to evaluate the\nimpact of a large-scale field deployment of mandatory time of-use (TOU) pricing\non the energy use of commercial and industrial firms. The regulation imposes higher\nuser prices during hours when electricity is generally more expensive to\nproduce\, and is the most common way for time-varying incentives to be\ntransmitted to retail electricity customers. We exploit a natural experiment\nthat arises from the rules governing the program to present evidence that TOU\npricing induced negligible change in overall usage\, peak usage or peak load. As\nsuch\, economic efficiency was not increased by this regulation. Bill levels and\nvolatility exhibit only minor shifts\, suggesting that concerns from advocacy\ngroups about increased expenditure and customer risk exposure have been\noverstated.http://kkjessoe.ucdavis.edu/Research.htm.About the Speaker:Katrina\nJessoe is  an assistant professor in the Department of Agricultural and\nResource Economics at UC Davis\, where she specializes in environmental and\nenergy economics. Much of her research centers on the design and evaluation of\nwater regulations and time variant pricing in electricity markets. In her work\,\nshe often collaborates with electric and water utilities\, as well as state\nagencies. Some recent and ongoing projects include the design of a randomized\nfield experiment to test the role of information on the price elasticity for\nresidential electricity\, the analysis of time-variant pricing programs for\nresidential and commercial electricity customers\, and the collection of water quality data from public\nand state small systems to measure the impact of drinking water quality\nregulations in California. She received a BA from Princeton University in 2002\nand a PhD in Environmental and Resource Economics from Yale University if 2009.Please see Professor Jessoe’s website for more information.
URL:https://innovation.luskin.ucla.edu/event/environment-and-energy-economics-weekly-seminar-katrina-jessoe/
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