Praveen K. Kopalle
Tuck School of Business
Hanover, NH 03755
Institutional Affiliation: Dartmouth College
NBER Working Papers and Publications
|February 2019||Experimental Evidence on the Effect of Information and Pricing on Residential Electricity Consumption|
with Jesse Burkhardt, Kenneth Gillingham: w25576
This study examines a field experiment in Texas that includes pricing and informational interventions to encourage energy conservation during summer peak load days when the social cost of generation is the highest. We estimate that our critical peak pricing intervention reduces electricity consumption by 14%. Using unique high frequency appliance-level data, we can attribute 74% of this response to air conditioning. In contrast, we find minimal response to active information provision and conservation appeals. A complementary experimental program also lowers nighttime prices during the off-peak season, providing the first evidence of electric vehicle loadshifting in response to price.