@TechReport{iza:izadps:dp15194,
            	author={Garnache, Cloé and Hernaes, Øystein and Imenes, Anders Gravir},
            	title={Which Households Respond to Electricity Peak Pricing amid High Levels of Electrification?},
            	year={2022},
	month={Mar},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={15194},
            	url={https://www.iza.org/publications/dp15194},
	abstract={We examine heterogeneity in Norwegian households' price responses to critical peak pricing (CPP) on electricity consumption, using a large-scale randomized controlled trial (RCT), high-frequency electricity data, and default enrollment. Increasing the grid transmission charge by 4,067% (corresponding to an increase in the electricity price by 1,242%) leads to a 12.5% reduction in consumption, and virtually eliminates the consumption "peak". In contrast to prior studies from less electrified countries, the effect is broad-based, and similar across income groups. These findings provide a unique lens into the effectiveness of demand-based policies, and their impact across household groups, in a more electrified future.},
	keywords={RCT;household heterogeneity;peak demand;grid transmission charge;critical peak pricing;default enrollment;electrification},
            }