%0 Report
        %A Garnache, Cloé
%A Hernaes, Øystein
%A Imenes, Anders Gravir
        %T Which Households Respond to Electricity Peak Pricing amid High Levels of Electrification?
        %D 2022
        %8 2022 Mar
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 15194
        %U https://www.iza.org/publications/dp15194
        %X 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.
        %K RCT
%K household heterogeneity
%K peak demand
%K grid transmission charge
%K critical peak pricing
%K default enrollment
%K electrification