KWh effects of residential optional dynamic pricing: Winter evidence from British Columbia, Canada

Abstract

Using a large sample of customer-day observations from BC Hydro's residential optional dynamic pricing pilot for the winter-peaking city of Campbell River in British Columbia, Canada, we estimate a system of two electricity demand regressions for daily peak and off-peak periods during November 2007 to February 2008. Our findings support using automatic load control-enhanced dynamic pricing to shave a smart electric grid's system peak demand and improve the grid's capacity utilization.