TY  - RPRT
        AU  - Garnache, Cloé
AU  - Hernaes, Øystein
AU  - Imenes, Anders Gravir
        TI  - Which Households Respond to Electricity Peak Pricing amid High Levels of Electrification?
        PY  - 2022/Mar/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 15194
        UR  - https://www.iza.org/publications/dp15194
        AB  - 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.
        KW  - RCT
KW  - household heterogeneity
KW  - peak demand
KW  - grid transmission charge
KW  - critical peak pricing
KW  - default enrollment
KW  - electrification
        ER  -