The significance of occupancy steadiness in residential consumer response to Time of Use pricing: Evidence from a stochastic adjustment model

Torriti, J. ORCID: https://orcid.org/0000-0003-0569-039X (2013) The significance of occupancy steadiness in residential consumer response to Time of Use pricing: Evidence from a stochastic adjustment model. Utilities Policy, 27. pp. 49-56. ISSN 0957-1787 doi: 10.1016/j.jup.2013.09.005

Abstract/Summary

The recent roll-out of smart metering technologies in several developed countries has intensified research on the impacts of Time-of-Use (TOU) pricing on consumption. This paper analyses a TOU dataset from the Province of Trento in Northern Italy using a stochastic adjustment model. Findings highlight the non-steadiness of the relationship between consumption and TOU price. Weather and active occupancy can partly explain future consumption in relation to price.