Abstract
Relying on the hourly consumption of electricity consumers, this paper examines the consumer reaction to dynamic electricity rates in the context of increasing renewable generation capacity and carbon price. We estimate power prices using a unit commitment model calibrated to France in 2018. We assess the bill savings from price-responsive consumers under the Real-Time Prices (RTP) and Time-of-Use (ToU) schemes currently in place. We find that consumers under RTP…
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