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Residential Electricity Demand Under Time-of-Day Pricing: Exploratory Data Analysis from the Los Angeles Rate Study

Willard G. Manning, Jan Paul Acton

Abstract

This analysis seeks statistically reliable estimates of response to time-of-day (TOD) pricing, concentrating on statistical issues rather than solely economic ones. The main purpose is to urge analysts to apply exploratory data analysis with relatively simple, "model free" specifications before analyzing TOD response with a more highly structured set of economic demand equations.

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Available abstract

Key concepts: Exploratory analysis, Exploratory data analysis, Statistical analysis, Demand response, Exploratory research, Electricity, Econometrics, Electricity demand