Title :
Relative kW Response to Residential Time-Varying Pricing in British Columbia
Author :
Chi-Keung Woo ; Horowitz, Ira ; Sulyma, Iris M.
Author_Institution :
Dept. of Econ., Hong Kong Baptist Univ., San Francisco, CA, USA
Abstract :
We apply graphical exploration and regression analysis to estimate 1717 participants´ relative kW responses in BC Hydro´s residential TOU/CPP pilot study. We define a customer´s relative kW response as the percentage change in the customer´s hourly kW demand due to exposure to time-varying pricing. Compared to the control group of customers facing non-TOU rates, we find that TOU pricing yields a statistically-significant evening peak kW decrease of 4-11%, after controlling for the effects of day of the week, month of the year, weather, customer location, and customer size. CPP produces an additional peak kW reduction of about 9%, which can be further increased to about 33% through remotely-activated load control of space and water heaters. Hence, a scheme of TOU pricing augmented with CPP and load control on system peak days can be a highly effective demand-response strategy for winter-peaking utilities.
Keywords :
load regulation; power markets; pricing; regression analysis; space heating; BC Hydro residential; British Columbia; TOU pricing yields; customer location; customer relative kW response; customer size; demand-response strategy; electricity market; graphical exploration; regression analysis; remotely-activated load control; residential time-varying pricing; space heaters; statistically-significant evening peak; water heaters; winter-peaking utilities; Load flow control; Pricing; Rivers; Schedules; Shape; Space heating; Water heating; Energy management; load management; power demand;
Journal_Title :
Smart Grid, IEEE Transactions on
DOI :
10.1109/TSG.2013.2256940